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MemryX Inc. and Cachengo Partner to Deliver High-Performance, Scalable Analytics and Artificial Intelligence Platform

ANN ARBOR, Mich., March 1, 2023 — (PRNewswire) — MemryX Inc., a pioneering startup focused on accelerating artificial intelligence (AI) processing for edge devices, announced it has formed a partnership with Cachengo, a leading AI hardware and software provider, to be the exclusive provider of artificial intelligence processors for their modular compute and storage servers.

Cachengo's modular edge servers are optimized for local computer vision and AI-centric workloads that benefit from massive parallelism, low power, and robust security. Coupled with MemryX's low-power, on-board screaming AI accelerator and scalability of up to 8 parallel processors, the combination unleashes unlimited opportunity for AI at the edge.

"We are thrilled to partner with Cachengo to bring the power of MemryX's innovative Edge AI processing to their compute vision processing systems," said Keith Kressin, CEO of MemryX. " By combining our expertise, we are able to offer a unique solution that delivers exceptional AI performance in small form factors for edge-based data intensive applications. Together, MemryX and Cachengo are revolutionizing the way businesses can analyze, process, and store their own data."

Benefits of Edge AI

Artificial intelligence processing of local data on the edge has several significant benefits over cloud-based AI, including:

Edge AI opens the door to new, AI-enhanced products and services. The partnership with Cachengo allows AI developers to deploy edge AI models on a proven platform leveraging MemryX's high-performance and low-latency AI processing with proprietary at-memory computing, parallelism and dataflow architecture.

Broad Deployment and Use Cases

MemryX AI accelerators support all popular AI software frameworks, including PyTorch, ONNX, TensorFlow and Keras; all popular host processors, including x86, Arm and RISC-V; and all modern operating systems, such as Linux, Windows, and Android. Hundreds of AI models have been verified on MemryX silicon which is sampling now to numerous customers with production planned Q4'23.

The partnership provides developers with a high performance, scalable, and locally deployed Edge AI platform which can support a variety of workloads across sectors, including:

"Our partnership with MemryX creates new opportunities for AI developers to create analytics and AI solutions, across a wide range of industries, that are highly performant and meet the power, networking, and size constraints of edge AI," said Ash Young, Co-founder and CEO of Cachengo. "We're excited to see the innovative new solutions that are brought to market as a result of our partnership with MemryX."

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 ten years on memory-centric computing architectures and spent over three years at MemryX developing and proving the company's unique approach. His expertise in memory systems and neuromorphic computing is internationally recognized.

About MemryX
MemryX Inc. is a fabless semiconductor company that designs edge AI processing solutions powered by a proprietary compute-at-memory technology and dataflow architecture. By combining high performance and accuracy with low system power and a high-performance architecture, MemryX solutions are able to power AI needs for a number of industries, including transportation, IoT, and a wide range of industrial and consumer applications. MemryX is backed by leading investors including HarbourVest, Arm IoT Fund, eLab Ventures, M Ventures, and Motus Ventures. MemryX has headquarters in Ann Arbor, Mich., with offices in Bangalore, India, Taipei and Hsinchu, Taiwan. www.MemryX.com

About Cachengo
Cachengo ( https://cachengo.com) provides the best performing and easiest to deploy storage systems to meet the increased global demands for Edge Computing, Machine Learning (ML), and Artificial Intelligence (AI) by replacing the over-use of single, large CPUs with several smaller ones, embedded onto each drive to perform localized computing where the data actually sits, dramatically altering the status quo computing paradigm that relies heavily on migrating data from disk, to CPU, back to disk – to one where the computing is truly distributed and is driven to each drive. This results in a dramatic reduction in data center footprint and greenhouse gases in the environment while providing unparalleled computing capabilities at a greatly reduced overall cost for equipment and operations.

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SOURCE MemryX

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Company Name: MemryX, Cachengo
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