Tech Company Financing Transactions
MemryX Funding Round
On 3/27/2025, MemryX landed $44 million in Series B financing from eLab Ventures, HarbourVest Partners and M Ventures.
Transaction Overview
Company Name
Announced On
3/27/2025
Transaction Type
Venture Equity
Amount
$44,000,000
Round
Series B
Proceeds Purpose
The company intends to use the funds to support from new and existing investors.
Company Information
Company Status
Private & Independent
Industry
Semiconductors
Mailing Address
1600 Huron Parkway, 2nd floor
Ann Arbor, MI 48109
USA
Ann Arbor, MI 48109
USA
Phone
Website
Email Address
Not Recorded
Overview
Accelerate Edge AI by providing a highly efficient and scalable solution that is simple to deploy and support. MemryX Inc was co-founded in 2019 by Dr. Wei Lu, an IEEE Fellow and Professor of Electrical Engineering at the University of Michigan since 2005. Dr. Lu is a highly influential expert in memory devices, neuromorphic computing, and in-memory computing systems.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Keith Kressin
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