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 Aug 31, 2026, the latest employee count at MemryX is 49.

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 28th amongst 175 active competitors, of which 67 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Groq, which secured $350M in Aug, 2026.

Who are the top competitors of MemryX?

MemryX's top competitors include Groq, Biren Technology and DarkVision. Among them, Groq secured the most recent funding round in August, 2026.

MemryX - 2026 Company Profile, Team, Funding & Competitors

MemryX is a series B company based in Ann Arbor (United States), founded in 2019 by Zhengya Zhang and Wei Lu. It operates as a Provider of neural network inference chips. MemryX has raised $44M in funding. The company has 175 active competitors, including 67 funded and 16 that have exited. Its top competitors include companies like Groq, Biren Technology and DarkVision.

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

28^th among 175 active competitors

Employee Count

49 as on Aug 31, 2026

Similar Companies

Nvidia & 318 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	4876283	Series B	7645223	6044185	5086255	7330124
Mar 27, 2025	6755582	Series B	6581855	6490009	4665888	HarbourVest Partners & 4 more
May 12, 2021	5522369	Series A	1149301	4667800	7493720	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 49 employees as of Aug 26. Here is MemryX's employee count trend over the years:

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Top competitors of MemryX include Groq, Biren Technology and DarkVision. 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	Groq 2016, Mountain View (United States), Series E	Developer of specialized hardware processors for artificial intelligence inference workloads	$2.77B	Disruptive, BlackRock & 54 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 ... & 38 others	70/100
3rd	DarkVision 2013, North Vancouver (Canada), Acquired	Developer of acoustic imaging technology for industrial asset inspection applications	$5.5M	Evok Innovations, Defined Capital & 7 others	68/100
4th	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
5th	Cerebras 2015, Sunnyvale (United States), Public	Provider of high-performance AI infrastructure and wafer-scale computing solutions	$2.82B	Fidelity Investments, Foundation Capital ... & 35 others	66/100
6th	Hailo 2017, Tel Aviv (Israel), Acquired	Provider of neural learning processors for edge AI applications	$340M	OurCrowd, Maniv Mobility & 29 others	66/100
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	66/100
8th	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
9th	Calligotech 2012, Bengaluru (India), Seed	Developer of computing solutions for high-performance computing and AI workloads	$2.67M	KITVEN, UST & 62 others	63/100
10th	Preferred Infrastructure 2014, Tokyo (Japan), Series D	Developer of AI infrastructure, foundation models, and product solutions	$281M	Toyota Motor, NTT Group & 19 others	63/100
28th	MemryX 2019, Ann Arbor (United States), Series B	Provider of neural network inference chips	$44M	HarbourVest Partners, Motus Ventures & 7 others	57/100