MemryX Inc. has opened an engineering center in Bangalore, India .
Ann Arbor, Mich., December 10, (PRNewswire): MemryX Inc., a cutting-edge startup focusing on accelerating artificial intelligence (AI) processing for edge devices, announced today that it has opened an engineering center in Bangalore, India.The expansion of the Bangalore office will complement existing MemryX engineering capabilities in Taipei, Hsinchu, and Ann Arbor.MemryX is a differentiated, low-power, and scalable Edge AI solution that is simple to use, benefitting both designers and end users alike.As the world becomes more dependent on AI, many traditional chip manufacturers continue to extend existing architectures and make costly compromises in terms of power, performance, cost, compatibility, and ease of use, said Jayaprakash (Jay) Bharadwaj, a Bangalore business veteran.
The Edge AI hardware market is expected to continue to grow at a rapid rate for the foreseeable future, and MemryX is poised to capitalize on this growth with our leading-edge AI accelerator, according to Keith Kressin, MemryX president and CEO.MemryX, which was co-founded in 2019 by Dr Wei Lu, is aiming to create a leading AI accelerator for edge devices with a lot of experience in semiconductor engineering.Dr. Lu, a professor of Electrical Engineering and Computer Science at the University of Michigan, spent over ten years on memory centric computing architectures and spent nearly three years at MemryX inventing and demonstrating the company's unique approach.His expertise in memory systems and neuromorphic computation is well-known throughout the world.MemryX is currently recruiting in Bangalore and distributing its MX3 AI Accelerator solution to customers and partners from all around the world. MemryX solutions are able to meet AI requirements for a variety of industries, including transportation, IoT, and a variety of industrial and consumer applications by combining high performance and accuracy with low system power and a high-performance architecture.MemryX is being backed by key investors, including HarbourVest, Arm IoT Fund, eLab Ventures, M Ventures, and Motus Ventures.MemryX's headquarters is located in Ann Arbor, Mich., with offices in Bangalore, India, Taipei, and Hsinchu, Taiwan.