XCENA Raises $135 Million to Advance Memory Centric AI Chips

XCENA has raised $135 million in a Series B financing round to scale its global operations and accelerate deployment of its MX1 computational memory chip, announced in a press release. The funding values the company at $570 million and brings its total fundraising to $185 million.

The round was co-led by Atinum Investment and IMM Investment, with participation from Corstone Asia and several existing backers including SBI Investment and Mirae Asset Capital. The company plans to use the new capital to expand customer deployments, strengthen market reach, and continue development of its next generation memory centric computing solutions.

XCENA’s MX1 chip integrates compute capabilities directly within memory modules, allowing data processing to occur near where data is stored instead of routing it through separate CPUs and GPUs. Built on the Compute Express Link 3.x standard, the chip is designed to reduce latency and energy use while improving performance in AI infrastructure.

Founded by former engineers from Samsung and SK hynix, XCENA operates from offices in South Korea and California. The company expects to validate MX1 performance with enterprise partners and begin production by the end of 2026.