TLDR:
- MetisX, a company based in South Korea, raised $44M in Series A funding.
- The funding will be used to expand operations and development efforts.
MetisX, a Seoul, South Korea-based company specializing in intelligent memory solutions using CXL technology, has raised $44M in Series A funding. The round included new investors such as SV Investment, STIC Ventures, LB Investment, and the Industrial Bank of Korea, as well as follow-on investors from the seed round. The company plans to use the funds to expand operations and development efforts. MetisX’s expertise lies in the development of intelligent memory solutions and data-centric computing architecture, with a foundation built on CXL standards. The company has completed prototypes specialized in large-scale data processing and plans to manufacture its inaugural ASIC chip by early next year, targeting major data center customers. MetisX also plans to establish a branch in the US and reinforce its marketing and sales organization to penetrate its target market.
