South Korean chip startup Panmnesia has raised 80 billion won (approximately $57 million) in a Series A funding round, marking the largest ever Series A investment in a fabless semiconductor company in the country.
The funding round attracted prominent investors, including InterVest, Korea Investment Partners, KB Investment, Woori Venture Partners, BSK Investment, NVester, Murex Partners, Daesung Private Equity, and TS Investment.
Panmnesia Nets $57M for AI-Driven CXL Solutions
Founded in 2022 by KAIST professor Jeong Myung-soo, Panmnesia is focused on developing Compute Express Link (CXL) technology to provide memory expansion solutions for data centers and AI applications.
CXL facilitates high-speed, low-latency memory sharing between system components, optimizing performance in large scale AI operations.
The newly secured funds will be allocated to complete the production of Panmnesia’s CXL 3.1 switching chip, further develop its CXL integrated circuit (IP), and strengthen strategic collaborations with global IT firms.
CEO Myoungsoo Jung emphasized the company’s mission to become a global leader in CXL technology, targeting advanced memory expansion solutions for AI and cloud computing sectors.
Panmnesia has gained international recognition for its innovative products. The company won CES Innovation Awards in both 2024 and 2025 for its CXL-based GPU memory expansion kit, which offers terabyte-level GPU memory capacities aimed at reducing costs in large scale AI deployments.
With the new capital, Panmnesia aims to accelerate product development and expand its global market presence.
This strategic move positions the company as a key player in the rapidly evolving CXL technology landscape.
Read Turkish: https://webhakim.com/panmnesia-cxl-cipleri-icin-57-milyon-dolar-yatirim-aldi.html
