When was MemryX founded?

MemryX was founded in 2019 and raised its 1st funding round 2 years after it was founded.

Where is MemryX located?

MemryX is headquartered in Ann Arbor, United States. It is registered at No.4 A & B, Gold Nest, Wind Tunnel Road, Murugeshpalya, Bangalore, Bangalore, Karnataka, India, 560017.

How many employees does MemryX have?

As of Jul 31, 2026, the latest employee count at MemryX is 47.

Is MemryX a funded company?

MemryX is a funded company, having raised a total of $44M across 3 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on May 12, 2021.

When was the latest funding round of MemryX?

MemryX's latest funding was a $***** Series B round on May 06, 2025, with participation from 1 investor.

Where does MemryX rank among its competitors?

MemryX ranks 26th amongst 160 active competitors, of which 65 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Etched, which secured $300M in Jul, 2026.

Who are the top competitors of MemryX?

MemryX's top competitors include Cerebras, Biren Technology and Celestial AI. Among them, Etched secured the most recent funding round in July, 2026.

MemryX - 2026 Company Profile, Team, Funding & Competitors

Company Details

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.

Website: memryx.com
Email ID: *****@memryx.com
Registered Address: No.4 A & B, Gold Nest, Wind Tunnel Road, Murugeshpalya, Bangalore, Bangalore, Karnataka, India, 560017

Key Metrics

Founded Year

2019

Location

Ann Arbor, United States

Stage

Series B

Total Funding

$44M in 3 rounds

Latest Funding Round

Series B, May 06, 2025, $*****

Investors

HarbourVest Partners & 8 more

Ranked

26^th among 160 active competitors

Employee Count

47 as on Jul 31, 2026

Similar Companies

Nvidia & 308 more

View MemryX's full profile

MemryX is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MEMRYX SOLUTIONS PRIVATE LIMITED CIN: U72900KA2022FTC166872 , India, Active	Oct 10, 2022	₹10 - ₹50 Cr (As on Mar 31, 2025)	-

MemryX has raised a total funding of $44M over 3 rounds. Its first funding round was on May 12, 2021. Its latest funding round was a Series B round on May 06, 2025 for $*****. 1 investor participated in its latest round. MemryX has 9 institutional investors.

Here is the list of recent funding rounds of MemryX:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 06, 2025	1718596	Series B	7238812	2254876	1395168	7698047
Mar 27, 2025	9912680	Series B	1143630	2816230	6141605	HarbourVest Partners & 4 more
May 12, 2021	6707566	Series A	6164743	2842484	1236899	eLab Ventures & 4 more

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View details of MemryX's funding rounds and investors

The founders of MemryX are Zhengya Zhang and Wei Lu.

Here are the details of MemryX's key team members:

Zhengya Zhang: Co-Founder & CTO of MemryX.
Wei Lu: Co-Founder of MemryX.
Contact Info: 1 email address

View details of MemryX's Founder profiles and Board Members

MemryX's employee count trend

MemryX has 47 employees as of Jul 26. Here is MemryX's employee count trend over the years:

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Top competitors of MemryX include Cerebras, Biren Technology and Celestial AI. Here is the list of Top 10 competitors of MemryX, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Cerebras 2015, Sunnyvale (United States), Public	Provider of high-performance AI infrastructure and wafer-scale computing solutions	$2.82B	Fidelity Investments, Benchmark & 35 others	72/100
2nd	Biren Technology 2019, Minhang (China), Public	Developer of AI acceleration modules, cards, and software development platforms	$904M	Shanghai Guotou Pioneer Artificial Intelligence Industry Fund, Ping An ... & 37 others	70/100
3rd	Celestial AI 2020, Santa Clara (United States), Acquired	Developer of optical interconnect technology for artificial intelligence infrastructure systems	$589M	Koch Disruptive Technologies, Fidelity Investments ... & 21 others	66/100
4th	Axelera AI 2021, Eindhoven (Netherlands), Series C	Manufacturer of hardware accelerators and software for artificial intelligence inference	$450M	Innovation Industries, Samsung Catalyst Fund ... & 13 others	64/100
5th	Fractile 2022, London (United Kingdom), Series B	Developer of AI chips for running large AI models	$260M	Accel, Oxford Science Enterprises & 22 others	64/100
6th	Hailo 2017, Tel Aviv (Israel), Acquired	Provider of neural learning processors for edge AI applications	$340M	OurCrowd, Maniv Mobility & 28 others	63/100
7th	EdgeCortix 2019, Chuo (Japan), Series B	Developer of energy-efficient AI processors, accelerators, modules, cards, and systems	$138M	Global Hands-On VC, SBI Investment & 14 others	63/100
8th	Calligotech 2012, Bengaluru (India), Seed	Developer of computing solutions for high-performance computing and AI workloads	$2.67M	KITVEN, UST & 62 others	63/100
9th	Etched 2022, San Jose (United States), Series C	Provider of specialized hardware for artificial intelligence designed to accelerate specific model types, such as transformers	$925M	Sequoia Capital, Primary Venture Partner ... & 39 others	63/100
10th	Kinara AI 2014, Los Altos (United States), Acquired	Providers of AI-based edge processor	$54M	Tiger Global Management, Camford Capital & 5 others	63/100
26th	MemryX 2019, Ann Arbor (United States), Series B	Provider of neural network inference chips	$44M	HarbourVest Partners, Arm & 7 others	57/100