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.

MemryX is a fabless semiconductor company that designs edge AI processing solutions powered by a proprietary compute-at-memory technology and dataflow architecture. By combining high performance and accuracy with low system power and a high-performance architecture, MemryX solutions power AI needs for a number of industries, including transportation, IoT, and a wide range of industrial and consumer applications.