MemryX Raises $44 Million in Series B Funding for Advanced Edge AI Computing

ANN ARBOR, Mich., March 27, 2025 /PRNewswire/ — MemryX, a provider of industry leading Edge AI semiconductor solutions, announced today it has raised $44 million in Series B funding.  The funding round received broad support from new and existing investors. This announcement follows MemryX reaching production quality of the industry leading MX3 Accelerator chip, the competitive selection of more than a dozen companies to enter production with MemryX, and independent reviews highlighting the compelling value of the MX3.

“We are thrilled to complete our Series B funding round, which will enable us to ramp our existing production best-in-class MX3 accelerator and complete the design of our groundbreaking MX4,” said Keith Kressin, CEO of MemryX. “Our software-first core architecture has enabled us to be extremely capital efficient while developing a robust software stack and support dozens of customers.  It also provides a very strong foundation to build our next generation MX4 accelerator.”

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