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MemryX Inc. develops AI hardware, led by its MX3 AI Accelerator Module, for edge computing across multiple industries.
Based in Ann Arbor, US, MemryX was founded in 2019 and makes AI hardware for edge computing. Its MX3 M.2 AI Accelerator Module combines multiple chips for up to 24 TFLOPS at about 0.6 to 2 watts per chip and connects through PCIe. Customers include video management, industrial automation and education users. CEO Wei Lu leads the company, which raised USD 44.00 mn in a Series B round in March 2025 at a current valuation of USD 131.95 mn.
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