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XCENA Raises $135M Series B to Accelerate Deployment of Memory-Centric Computing Solutions, co-led by Atinum and IMM Investment.

PRIVATEMay 29, 2026•2 months ago

Amount Raised

$135 Million

Round Type

Series B

San JoseManufacturingSemiconductor

Investors

Kyobo LifeKyobo SecuritiesPartners InvestmentK2 Investment PartnersCompany K PartnersKolon InvestmentPremier PartnersKdb CapitalKorea Development BankShinhan Venture InvestmentDsc InvestmentKiwoom InvestmentCorstone AsiaLb InvestmentSv InvestmentWonik Investment PartnersStic VenturesMirae Asset Venture InvestmentsMirae Asset CapitalSbi InvestmentImm InvestmentAtinum Investment

Description

XCENA has closed $135 million in a Series B financing round to enhance its memory-centric computing solutions for AI infrastructure. The funding will be used for global expansion, scale customer deployments, and advance its computational memory innovations. Total fundraising now stands at $185 million with a current valuation of $570 million. The round had a wide range of strategic investors from various leading financial institutions across Asia.

Company Information

Company

XCENA

Location

San Jose, California, United States

About

Founded in 2022, XCENA is a fabless semiconductor company developing intelligent memory solutions and data-centric computing architecture built on Compute Express Link® (CXL®), an open cache-coherent interconnect standard. The company pushes the boundaries of memory technology to improve performance and efficiency in data-intensive systems.

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Funding Insights

Based on industry data
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach
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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