MemryX Inc., a breakthrough startup focused on accelerating artificial intelligence (AI) processing for edge devices, today announced that it has opened a development center in Bangalore, India.
The opening of the Bangalore site complements MemryX’s existing engineering capabilities in Taipei, Hsinchu and Ann Arbor. MemryX provides a differentiated, high-efficiency, low-power, and scalable edge AI solution that is easy to deploy and benefits both designers and end users. End uses for MemryX’s technology include surveillance cameras, automotive, industrial IoT, and metaverse applications.
“As the world becomes more reliant on AI, many traditional chipmakers continue to extend existing architectures and make difficult tradeoffs in performance, performance, cost, compatibility and ease of deployment,” said Jayaprakash (Jay) Bharadwaj, an industry veteran who wrote the location in Bangalore. “The recent opening of our R&D center in Bangalore underscores our commitment to developing differentiated core architectures, built from the ground up to deliver customer-centric capabilities.”
While the US and China have led the AI development race in recent years, India is fast becoming a hotbed of AI innovation, with several startups springing up in recent months.
“The Edge AI hardware market will continue to grow at a rapid CAGR for the foreseeable future, and MemryX stands ready to capitalize on that growth with our state-of-the-art AI accelerator,” said Keith Kressin, President and CEO of MemryX. “Our expansion into India allows us to tap into the regional talent pool with deep semiconductor experience and fast-growing artificial intelligence skills.”
MemryX was created in 2019 by Dr. Wei Lu is co-founding and working to develop a leading AI accelerator for edge devices. dr Lu, Professor of Electrical Engineering and Computer Science at the University of Michigan, worked on memory-centric computing architectures for over 10 years and spent nearly three years at MemryX developing and proving the company’s unique approach. His expertise in storage systems and neuromorphic computing is internationally recognized.
MemryX is currently hiring in Bangalore and testing its MX3 AI Accelerator solution for customers and partners in multiple markets. Demonstrations will be by invitation-only at the upcoming Consumer Electronics Show the week of January 4 in Las Vegas, Nevada.