ANN ARBOR (Michigan,USA): MemryX Inc., a startup focused on accelerating artificial intelligence (AI) processing for edge devices, announced on Saturday that it has opened an engineering centre in Bengaluru. The Bengaluru site is complementary to existing MemryX engineering capabilities in Taipei, Hsinchu, and Ann Arbor.
“As the world continues to become more reliant on AI, many traditional chip makers continue to extend existing architectures and make difficult tradeoffs in terms of power, performance, cost, compatibility and ease of deployment”, said Jayaprakash (Jay) Bharadwaj, an industry veteran who leads the Bengaluru site. “The recent opening of our R&D centre in Bengaluru underscores our commitment to developing differentiated core architectures built from the ground-up to deliver customer-friendly features”, he added
While the US and China have led the AI development race in recent years, India is rapidly becoming a hotbed of AI innovation, with multiple startups emerging in recent months.
“The Edge AI hardware market will continue to grow at a fast CAGR for the foreseeable future, and MemryX is poised to capitalise on this growth with our leading-edge AI accelerator”, said Keith Kressin, MemryX president and CEO. “Our expansion into India allows us to tap into the regional talent pool with a lot of semiconductor experience and is rapidly growing capabilities in artificial intelligence”, he noted.
Co-founded in 2019 by Dr Wei Lu, MemryX is working to develop a leading AI accelerator for edge devices. Dr Lu, an electrical engineering and computer science professor at the University of Michigan, worked over 10 years on memory-centric computing architectures, and spent nearly three years at MemryX developing and proving the company’s unique approach.
MemryX is currently hiring in Bengaluru and is sampling their MX3 AI Accelerator solution to customers and partners across multiple markets. Demonstrations will be given by invitation only at the upcoming Consumer Electronics show, from the week of January 4 in Las Vegas, Nevada. (ANI/PRNewswire)