AI memory chip startup Xcena has raised $135 million in a Series B funding round, valuing the company at $570m.
The round was co-led by Altinum and IMM Investment, with participation from Corstone Asia, SBI Investment, and Mirae Asset. It brings the total raised by the South Korean startup to $185m.
Xcena CEO, Jin Kim – Xcena
Founded in 2022 as MetisX by Samsung and SK Hynix veterans Jin Kim, Dohun Kim, and Harry Juhyun Kim, the startup rebranded to Xcena in 2024. The company’s MX1 chip connects to the CPU via Compute Express Link (CXL), allowing data to be processed before it leaves the memory module, helping to eliminate memory bottlenecks.
In a statement, Xcena said the funding will be used to scale up customer deployment, deepen collaboration with enterprise partners, and accelerate the development of its next-generation memory products.
