XCENA Scores $135 Million Series B

<p><strong>SANTA CLARA<&sol;strong> &&num;8212&semi; <a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Fxcena&period;com&percnt;2Fmain&amp&semi;esheet&equals;54543760&amp&semi;newsitemid&equals;20260529174707&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;XCENA&amp&semi;index&equals;1&amp&semi;md5&equals;62aec63bb709a96d00f8f1476247fc50" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">XCENA<&sol;a>&comma; a South Korean company with offices in Silicon Valley&comma; has closed &dollar;135 million &lpar;KRW 202 billion&rpar; in a Series B financing round&period; XCENA will use the funding to accelerate the company’s global expansion&comma; scale customer deployments&comma; and advance its next-generation computational memory solution&period; Total fundraising now stands at &dollar;185 million with a current valuation of &dollar;570 million&period;<&sol;p>&NewLine;<p>The round was co-led by Atinum Investment and IMM Investment&comma; with participation from a broad group of new and existing strategic investors across Asia’s leading venture and financial institutions&period; The financing includes continued support from existing investors including SBI Investment&comma; Mirae Asset Capital &sol; Mirae Asset Venture Investments&comma; STIC Ventures&comma; Wonik Investment Partners&comma; SV Investment&comma; and LB Investment&comma; alongside new participation from Corstone Asia&comma; Kiwoom Investment&comma; DSC Investment&comma; Shinhan Venture Investment&comma; Korea Development Bank&comma; KDB Capital&comma; Premier Partners&comma; Kolon Investment&comma; Company K Partners&comma; K2 Investment Partners&comma; Partners Investment&comma; and Kyobo Securities &sol; Kyobo Life&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;AI workloads are exposing the fundamental limitations of traditional computing architectures as larger models&comma; expanding context windows&comma; and increasingly data-intensive inference workloads drive unprecedented memory demands&comma;” said Jin Kim&comma; CEO and cofounder of XCENA&period; &OpenCurlyDoubleQuote;With strong backing from leading global investors&comma; we are accelerating delivery of MX1 into emerging AI infrastructure ecosystems and advancing the next wave of memory-centric computing systems&period;”<&sol;p>&NewLine;<p>The Series B will be used to scale XCENA’s customer deployments globally&comma; expand go-to-market capabilities&comma; and deepen collaboration with enterprise customers and ecosystem partners through validation efforts of MX1&period; The company will also accelerate development of its next-generation computational memory products&comma; designed to enable new levels of performance and efficiency in advanced computing environments&period; As part of its global expansion strategy&comma; XCENA continues to grow its presence in Northern California to work more closely with customers&comma; hyperscalers&comma; and technology partners shaping the future of AI infrastructure&period; The company is also pursuing additional fundraising opportunities with international institutional investors as part of its global expansion strategy and remains in active discussions with select firms&period;<&sol;p>&NewLine;<p>XCENA’s MX1 product is currently being explored with select partners to validate real-world performance gains and system-level efficiency improvements across high-demand compute workloads&period; The company’s broader roadmap focuses on enabling memory-centric computing solutions and scalable computational memory architectures that reduce data bottlenecks and unlock new classes of AI and high-performance computing applications&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;XCENA is redefining how computational memory is applied in real-world systems&comma;” said Sangmin Lim&comma; Investment Director from Atinum Investment&period; &OpenCurlyDoubleQuote;Their MX1 product is already showing how customers can simplify complex infrastructure&comma; accelerate deployments&comma; and eliminate inefficiencies that have traditionally slowed down advanced computing workflows&period; We’re excited to support XCENA as it scales these capabilities globally&period;”<&sol;p>&NewLine;