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MetisX raises $44M in Series A funding to develop intelligent memory solutions using CXL technology

PRIVATEMay 13, 2024

Amount Raised

$44 Million

Round Type

Series A

South KoreaInformation TechnologySoftwareArtificial IntelligenceAnalyticsBig Data

Investors

Wonik Investment PartnersTONY InvestmentSBI InvestmentIMM InvestmentMirae Asset CapitalMirae Asset Venture InvestmentIndustrial Bank Of KoreaLB InvestmentSTIC VenturesSV Investment

Description

MetisX, a fabless startup based in South Korea, has secured $44 million in Series A funding, bringing its total funding to over $50 million. The company focuses on developing intelligent memory solutions using Compute Express Link (CXL) technology and aims to revolutionize traditional CPU-centric computing architectures with a data-centric approach.

Quick answer

MetisX raised $44 Million in a Series A round, dated May 13, 2024. Investors: Wonik Investment Partners, TONY Investment, SBI Investment, IMM Investment, Mirae Asset Capital, Mirae Asset Venture Investment, Industrial Bank Of Korea and LB Investment. MetisX is based in South Korea.

How much did MetisX raise?
MetisX raised $44 Million in a Series A round on May 13, 2024.
Who invested in MetisX?
Wonik Investment Partners, TONY Investment, SBI Investment, IMM Investment, Mirae Asset Capital, Mirae Asset Venture Investment, Industrial Bank Of Korea and LB Investment are named as investors in this round.
What does MetisX do?
Founded in 2022, MetisX is a fabless startup based in South Korea.
Where is MetisX based and how big is it?
MetisX is based in South Korea.
Who are the decision-makers at MetisX?
Fundz holds 1 contact at MetisX. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

MetisX

Location

South Korea

About

Founded in 2022, MetisX is a fabless startup based in South Korea. Our mission is to pioneer fundamental technologies that will usher in a data-centric computing world. We focus on delivering cutting-edge solutions tailored to meet the needs of customers in sectors with large-scale data to process such as AI, big data, vector databases, DNA analysis, and more. Our expertise lies in the development of intelligent memory solutions and data-centric computing architecture, with a foundation built on Compute Express Link (CXL) standards. Through relentless innovation and strategic partnerships, MetisX is dedicated to pushing the boundaries of what's possible in the realm of memory technology.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

MetisX raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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