Mar, 2025 : MemryX Raises $44M to Scale Edge AI and Develop MX4




📅 - MemryX, a developer of advanced Edge AI semiconductor solutions, has announced the successful closure of a $44 million Series B funding round. The investment was backed by both existing stakeholders and new investors, signaling strong market confidence in the companys vision and technology roadmap.

The new capital will support the scaling of MemryXs current flagship product, the MX3 AI accelerator, and fund the final design stages of its forthcoming MX4 chip. MemryX CEO Keith Kressin emphasized the companys efficient use of capital and its focus on a software-first approach, which he says has enabled MemryX to serve hundreds of clients while building a robust software ecosystem. This [...][... Check source for end of article ...]
Tags: AI

Reads: 118 | Category: General | Source: Hosting Jurnalist : Hosting Jurnalist | Author:
URL source: https://hostingjournalist.com/news/memryx-raises-44m-to-scale-edge-ai-and-develop-mx4
Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!