XCENA Raises $135 Million Series B to Scale Memory-Centric Computing for AI Infrastructure

XCENA, a Korean semiconductor startup developing memory-centric computing solutions for AI infrastructure, has closed $135 million (approximately KRW 202 billion) in Series B funding. The round brings the company’s total fundraising to $185 million, with a current valuation of $570 million.

The financing was co-led by Atinum Investment and IMM Investment, drawing participation from a broad coalition of strategic investors across Asia’s leading venture and financial institutions. Existing backers including SBI Investment, Mirae Asset Capital, STIC Ventures, Wonik Investment Partners, SV Investment, and LB Investment continued their support.

New investors joining the round 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.

XCENA plans to use the proceeds to accelerate global expansion, scale customer deployments, and advance development of its next-generation computational memory products. The company is also expanding its presence in Northern California to collaborate more closely with hyperscalers and technology partners shaping the future of AI infrastructure.

“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,” said Jin Kim, CEO and cofounder of XCENA.

The startup’s flagship MX1 product merges high-capacity pooled DDR5 memory with near-data processing cores, built on the open Compute Express Link standard. This architecture enables computation where data resides, reducing latency, energy consumption, and total cost of ownership for data centers.

Founded by semiconductor veterans from Samsung and SK Hynix, XCENA combines deep hardware expertise with a full-stack software SDK to enable rapid deployment for hyperscalers, telecommunications providers, and research institutions.