MemryX Secures $44 Million in Series B Funding for Edge AI Solutions

MemryX Secures $44 Million in Series B Funding for Edge AI Solutions

MemryX has raised $44 million in Series B funding to advance its Edge AI semiconductor solutions, including the MX3 Accelerator chip.

MemryX has raised $44 million in Series B funding, announced in a press release. The funding will support the production of the MX3 Accelerator chip and the development of the upcoming MX4 model. The MX3 chip is noted for its high performance and low power consumption, making it suitable for applications such as AI-powered Video Management Systems and Industrial PCs.

The funding round saw participation from both new and existing investors, highlighting confidence in MemryX's technology and market potential. The company plans to showcase its solutions at ISC West 2025 in Las Vegas, where attendees can experience demonstrations of their Edge AI computing capabilities.

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