SEOUL,
South Korea, May 13, 2024
/PRNewswire/ -- MetisX, a fabless startup based in
South Korea, has recently secured
$44 million in Series A funding,
bringing its total funding to over $50
million. The company, established in 2022, focuses on
developing intelligent memory solutions using Compute Express Link
(CXL) technology, which is seen as the next-generation standard for
interconnect technology. MetisX aims to revolutionize traditional
CPU-centric computing architectures by introducing a data-centric
approach that promises to be smarter, faster, and more
cost-effective.
"We are pleased to have
successfully achieved our Series A funding goal amidst a
challenging market environment," said Jin
Kim, CEO and co-founder of MetisX. "Our goal is to become
the next NVIDIA, not by competing directly against them, but by
creating a new market in the data-centric domain to pave the way
for the AI era."
One of the company's primary goals is to address the "memory
wall" issue that many industries face, particularly those dealing
with vast amounts of data such as data centers, database
management, artificial intelligence, and DNA analysis. By
leveraging CXL technology, MetisX seeks to overcome performance
bottlenecks associated with frequent memory accesses in computing
systems.
Despite being in the early stages of development, MetisX has
attracted significant attention from 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
including Mirae Asset Venture Investment, Mirae Asset Capital, IMM
Investment, SBI Investment, Tony Investment, and Wonik Investment
Partners. These firms have made bold bets on the company's
potential, both in terms of its innovative product offerings and
the expertise of its leadership team.
Led by Jin Kim, who boasts a
distinguished career as one of the youngest VPs at SK Hynix with
around 20 years of experience in data-centric solutions, MetisX is
well-positioned to disrupt the semiconductor industry.
Additionally, the company's Chief Technology Officer (CTO),
Dohun Kim, and Chief Product Officer
(CPO), Harry Kim, bring valuable
expertise from their backgrounds in major semiconductor
companies.
MetisX has already made significant strides in product
development, having completed prototypes specialized in large-scale
data processing such as vector databases, big data analysis, and
DNA analysis. These prototypes have demonstrated impressive
performance, being twice as fast as conventional server CPUs.
Building on this success, the company plans to manufacture its
inaugural ASIC chip by early next year, targeting
major data center customers including tech giants such as Amazon,
Microsoft, Google, and Meta. MetisX plans to expand the company
aggressively, establish a branch in the US, and reinforce its
marketing and sales organization to successfully penetrate its
target market.
About MetisX
Founded in 2022, MetisX is a fabless startup based in
South Korea. Our mission is to
pioneer fundamental technologies that will usher in a data-centric
computing world. We focus on delivering cutting-edge solutions
tailored to meet the needs of customers in sectors with large-scale
data to process such as AI, big data, vector databases, DNA
analysis, and more. Our expertise lies in the development of
intelligent memory solutions and data-centric computing
architecture, with a foundation built on Compute Express Link (CXL)
standards. Through relentless innovation and strategic
partnerships, MetisX is dedicated to pushing the boundaries of
what's possible in the realm of memory technology.
For more information, please visit
https://www.metisx.com or
https://linkedin.com/company/metisx.
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SOURCE MetisX