XCENA, a company providing memory-centric computing solutions for AI infrastructure, announced it has raised $135 million (KRW 202 billion) in a Series B financing round. The funding will support the company’s global expansion, customer deployment efforts, and development of its next-generation computational memory technologies. Following the round, XCENA has raised a total of $185 million and reached a valuation of $570 million.
The Series B round was co-led by Atinum Investment and IMM Investment, with participation from a range of new and existing investors across Asia. Existing investors supporting the round include SBI Investment, Mirae Asset Capital/Mirae Asset Venture Investments, STIC Ventures, Wonik Investment Partners, SV Investment, and LB Investment. New investors include Corstone Asia, Kiwoom Investment, DSC Investment, Shinhan Venture Investment, Korea Development Bank, KDB Capital, Premier Partners, Kolon Investment, Company K Partners, K2 Investment Partners, Partners Investment, and Kyobo Securities/Kyobo Life.
The company plans to use the capital to expand customer deployments globally, strengthen go-to-market capabilities, and deepen collaborations with enterprise customers and ecosystem partners through validation efforts for its MX1 platform. XCENA also intends to accelerate the development of next-generation computational memory products designed to improve performance and efficiency in advanced computing environments.
As part of its growth strategy, XCENA is expanding its presence in Northern California to work more closely with customers, hyperscalers, and technology partners involved in AI infrastructure development. The company also noted that it is exploring additional fundraising opportunities with international institutional investors.
XCENA’s MX1 product is currently being evaluated with select partners to validate performance gains and efficiency improvements across demanding computing workloads. The company’s broader roadmap focuses on memory-centric computing and computational memory architectures designed to reduce data bottlenecks and support AI and high-performance computing applications.
Founded by semiconductor veterans from Samsung and SK Hynix, XCENA is focused on transforming data center architecture through computational memory technology. Its platform combines high-capacity pooled DDR5 memory with near-data processing cores and is built on the Compute Express Link (CXL 3.x) standard. The company says its technology enables memory expansion beyond traditional CPU limitations while reducing latency, energy consumption, and total cost of ownership.
KEY QUOTES:
“AI workloads are exposing the fundamental limitations of traditional computing architectures as larger models, expanding context windows, and increasingly data-intensive inference workloads drive unprecedented memory demands. With strong backing from leading global investors, we are accelerating delivery of MX1 into emerging AI infrastructure ecosystems and advancing the next wave of memory-centric computing systems.”
Jin Kim, CEO and Cofounder, XCENA
“XCENA is redefining how computational memory is applied in real-world systems. Their MX1 product is already showing how customers can simplify complex infrastructure, accelerate deployments, and eliminate inefficiencies that have traditionally slowed down advanced computing workflows. We’re excited to support XCENA as it scales these capabilities globally.”
Sangmin Lim, Investment Director, Atinum Investment
