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ANN ARBOR, Mich., March 27, 2025 ~ In a recent press release, MemryX, a leading provider of Edge AI semiconductor solutions, announced that it has successfully raised $44 million in Series B funding. The funding round received support from both new and existing investors, showcasing the company's strong growth potential.
This news comes after MemryX achieved production quality for its MX3 Accelerator chip, which has been selected by over a dozen companies for production. Additionally, independent reviews have highlighted the impressive value of the MX3 chip.
Keith Kressin, CEO of MemryX, expressed his excitement about the successful funding round and its impact on the company's future plans. "We are thrilled to complete our Series B funding round, which will enable us to ramp up production of our best-in-class MX3 accelerator and complete the design of our groundbreaking MX4," said Kressin. He also emphasized how their software-first core architecture has allowed them to be highly efficient with capital while still providing top-notch software and support for their customers.
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The MX3 AI solutions offered by MemryX boast higher system performance while using less than 10% of the power compared to mainstream GPU solutions for vision-based AI inference. This has attracted numerous customers who are building solutions such as AI-powered Video Management Systems (VMS), Industrial PCs, and various Edge Servers. To showcase their capabilities and partnerships, MemryX will be participating in ISC West 2025 from April 2-4 in Las Vegas.
Attendees are encouraged to visit MemryX at ISC West 2025 to learn more about their innovative solutions and experience live demonstrations. The company's public demonstrations will also provide insights into the growing Edge AI Computing industry.
For more information about MemryX and its cutting-edge technology, interested individuals can visit their website at MemryX.com.
This news comes after MemryX achieved production quality for its MX3 Accelerator chip, which has been selected by over a dozen companies for production. Additionally, independent reviews have highlighted the impressive value of the MX3 chip.
Keith Kressin, CEO of MemryX, expressed his excitement about the successful funding round and its impact on the company's future plans. "We are thrilled to complete our Series B funding round, which will enable us to ramp up production of our best-in-class MX3 accelerator and complete the design of our groundbreaking MX4," said Kressin. He also emphasized how their software-first core architecture has allowed them to be highly efficient with capital while still providing top-notch software and support for their customers.
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The MX3 AI solutions offered by MemryX boast higher system performance while using less than 10% of the power compared to mainstream GPU solutions for vision-based AI inference. This has attracted numerous customers who are building solutions such as AI-powered Video Management Systems (VMS), Industrial PCs, and various Edge Servers. To showcase their capabilities and partnerships, MemryX will be participating in ISC West 2025 from April 2-4 in Las Vegas.
Attendees are encouraged to visit MemryX at ISC West 2025 to learn more about their innovative solutions and experience live demonstrations. The company's public demonstrations will also provide insights into the growing Edge AI Computing industry.
For more information about MemryX and its cutting-edge technology, interested individuals can visit their website at MemryX.com.
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