About MemryX
MemryX is a company based in Ann Arbor (United States) founded in 2019. MemryX has raised $44 million across 3 funding rounds from investors including HarbourVest Partners, NEOM and Arm. The company has 6 employees as of April 01, 2024. MemryX offers products and services including MX3 Edge Accelerator and MX3 M.2 Accelerator. MemryX operates in a competitive market with competitors including Flex Logix, Preferred Infrastructure, Untether AI, Cerebras and Axelera AI, among others.
- Headquarter Ann Arbor, United States
- Employees 6 as on 01 Apr, 2024
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Sectors
Technology
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Email
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Phone
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Website
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- Legal Name Memryx Solutions Private Limited
- Date of Incorporation 10 Oct, 2022
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$312.25 K (USD)0as on Mar 31, 2023
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Net Profit
$31.86 K (USD)0as on Mar 31, 2023
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EBITDA
$44.77 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$44 M (USD)
in 3 rounds
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Latest Funding Round
Not available
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Investors
HarbourVest Partners
& 5 more
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Employee Count
6
as on Apr 01, 2024
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Products & Services of MemryX
MemryX offers a comprehensive portfolio of products and services, including MX3 Edge Accelerator and MX3 M.2 Accelerator.
Provides efficient AI processing for edge servers in video management.
Enables seamless AI integration via PCIe for various applications.
People of MemryX
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Funding Insights of MemryX
MemryX has successfully raised a total of $44M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in MemryX
MemryX has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include HarbourVest Partners, NEOM and Arm.
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Private market investment solutions are offered to institutional clients.
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Venture capital firm investing in multiple sectors
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Early-stage VC firm investing in the US
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Investor details for MemryX
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by MemryX
Investment portfolio details for MemryX
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Financial Statements - MemryX
Detailed financials for MemryX
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- Profit trends
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Memryx Comparisons
Peer comparison for MemryX
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Competitors of MemryX
MemryX operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flex Logix, Preferred Infrastructure, Untether AI, Cerebras and Axelera AI, among others.
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Provider of a reconfigurable computing company that provides embedded FPGA (eFPGA) IP, architecture, and software to enable flexible and efficient computing solutions for a wide range of industries
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Machine learning, deep learning, and high-performance computing solutions are developed.
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At-memory computes are provided for accelerating AI inference in devices.
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Custom AI models are trained on a specialized computing platform.
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Provider of hardware and software-based platforms for accelerating AI inference at the edge
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Provider of neural learning processors for edge AI applications
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Detailed competitors of MemryX
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Latest news on Memryx
Complete news archive for MemryX
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Frequently Asked Questions about MemryX
MemryX was founded in 2019 and raised its 1st funding round 2 years after it was founded.
MemryX is headquartered in Ann Arbor, United States. It is registered at Ann Arbor, Michigan, United States.
MemryX is a funded company, having raised a total of $44M across 3 funding rounds to date.
As of Apr 01, 2024, the latest employee count at MemryX is 6.
Annual revenue of MemryX is $312.25K as on Mar 31, 2023.
MemryX was founded in 2019 in Ann Arbor, United States, within the semiconductor and AI hardware sector. Neural network inference chips are developed and supplied, emphasizing energy efficiency and compute density. These chips support edge computing, IoT, and mobile devices, with applications in manufacturing inspection, failure analysis automation, and logistics and warehousing robots. Operations focus on hardware solutions for industrial and automation needs.
MemryX's top competitors include Preferred Infrastructure, Celestial AI and Axelera AI.
MemryX offers MX3 Edge Accelerator and MX3 M.2 Accelerator.
MemryX has 6 investors. Key investors include HarbourVest Partners, NEOM, Arm, eLab Ventures, and M-Ventures.