Korean startup raises US$44 million to pursue CXL
MetisX Co. Ltd. (Seoul, South Korea) has raised US$44 million in Series A funding to support its plan to develop Compute Express Link (CXL) controllers.
This brings the total raised by the company since its formation in January 2022 to US$50 million.
CXL is an open standard for high-speed CPU-to-memory connections in data centers. It is based on PCI Express but supports coherent pooling of memory resources for use in applications such as AI and machine learning.
MetisX has completed prototypes specialized in large-scale data processing such as vector databases, big data analysis, and DNA analysis. Building on this success, the company plans to manufacture its inaugural ASIC chip early in 2025, targeting major data center customers. MetisX plans to establish a branch in the US, and reinforce its marketing and sales organization.
“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.”
Prior to founding MetisX Kim was one of the youngest vice presidents at SK Hynix with around 20 years of experience in data-centric solutions. Additionally, the company’s CTO, Dohun Kim, and chief product officer Harry Kim, bring expertise from backgrounds at major semiconductor companies.
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