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

PRIVATEMay 13, 2024•about 2 years ago

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.

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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Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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