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
*********
- 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
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides efficient AI processing for edge servers in video management.
Enables seamless AI integration via PCIe for various applications.
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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2025 | Amount | Series B - MemryX | Valuation |
investors |
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| Mar, 2025 | Amount | Series B - MemryX | Valuation |
investors |
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| May, 2021 | Amount | Series A - MemryX | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private market investment solutions are offered to institutional clients.
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Founded Year | Domain | Location | |
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Venture capital firm investing in multiple sectors
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Founded Year | Domain | Location | |
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Early-stage VC firm investing in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MemryX
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - MemryX
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Memryx Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
Machine learning, deep learning, and high-performance computing solutions are developed.
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| domain | founded_year | HQ Location |
At-memory computes are provided for accelerating AI inference in devices.
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| domain | founded_year | HQ Location |
Custom AI models are trained on a specialized computing platform.
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| domain | founded_year | HQ Location |
Provider of hardware and software-based platforms for accelerating AI inference at the edge
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| domain | founded_year | HQ Location |
Provider of neural learning processors for edge AI applications
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Memryx
Frequently Asked Questions about MemryX
When was MemryX founded?
MemryX was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is MemryX located?
MemryX is headquartered in Ann Arbor, United States. It is registered at Ann Arbor, Michigan, United States.
Is MemryX a funded company?
MemryX is a funded company, having raised a total of $44M across 3 funding rounds to date.
How many employees does MemryX have?
As of Apr 01, 2024, the latest employee count at MemryX is 6.
What is the annual revenue of MemryX?
Annual revenue of MemryX is $312.25K as on Mar 31, 2023.
What does MemryX do?
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.
Who are the top competitors of MemryX?
MemryX's top competitors include Preferred Infrastructure, Celestial AI and Axelera AI.
What products or services does MemryX offer?
MemryX offers MX3 Edge Accelerator and MX3 M.2 Accelerator.
Who are MemryX's investors?
MemryX has 6 investors. Key investors include HarbourVest Partners, NEOM, Arm, eLab Ventures, and M-Ventures.