Xcena raises $135M betting AI’s bottleneck is memory, not compute
TechCrunch AI·4d ago·Hardware
South Korean chip startup Xcena raised a $135 million Series B at a $570 million valuation, bringing total funding to $185 million. The company argues AI inference is increasingly constrained by memory movement, not just GPU compute. Its prototype MX1 chip uses CXL to process data closer to DRAM, with Samsung foundry mass production planned by late 2026 and revenue targeted for 2027.
