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This chip startup just raised $135M on a bet that AI’s biggest bottleneck isn’t compute — it’s memory

TechCrunch • Fri, 29 May 2026

This chip startup just raised $135M on a bet that AI’s biggest bottleneck isn’t compute — it’s memory

South Korean chip startup XCENA is betting that AI's real bottleneck is not compute, but memory.

What happened?

South Korean chip startup XCENA is betting that AI's real bottleneck is not compute, but memory.

Story details

South Korean chip startup XCENA is betting that AI's real bottleneck is not compute, but memory.

Why it matters

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Original source

https://techcrunch.com/2026/05/29/xcena-secures-135m-at-570m-valuation-betting-on-memory-as-ais-real-bottleneck/