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High Tech Series B Founded 2019

MemryX

Provider of neural network inference chips. It provides energy efficiency and computes density for edge computing, IoT, mobile, and other applications. It applies to manufacturing inspection and failure analysis automation and the development of logistics and warehousing robots. Founded in 2019, headquartered in Ann Arbor, United States. The company has raised $44.0M in funding at the series b stage. The team…

📍 Ann Arbor, United States · AI Infrastructure,

Funding snapshot

Last roundSeries B
Amount$44M
Date6 May 2025
Total raised$44M
Team size48

About

Provider of neural network inference chips. It provides energy efficiency and computes density for edge computing, IoT, mobile, and other applications. It applies to manufacturing inspection and failure analysis automation and the development of logistics and warehousing robots. Founded in 2019, headquartered in Ann Arbor, United States. The company has raised $44.0M in funding at the series b stage. The team comprises 48 (Jun 30, 2026) employees. MemryX operates in the AI Infrastructure, Digital ICs, Edge Computing, Ar sectors. The company focuses on Edge AI Processors, AI Accelerators, Artificial Intelligence and Machine Learning. Notable investors include eLab Ventures, M Ventures, HarbourVest Partners, Arm, Motus Ventures, Neom, among others. The company has a team of 48 employees.

Business model

Edge Computing > Edge AI Processors,

AI Infrastructure > Enabling Technologies > Hardware > Processors > AI Accelerators,

Digital ICs > Microprocessors > Artificial Intelligence and Machine Learning > AI Accelerators

Institutional investors

eLab Ventures M Ventures HarbourVest Partners Arm Motus Ventures Neom Hemi Ventures Microtech Ventures

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