MemVerge

AI Memory: The Next Frontier

San Jose, United States · Founded 2017 · $43.5M raised

Employees
11–50
Founded
2017
Business Model
B2B
Total Funding
$43.5M
Last Round
$19.0M Series BMay 2020
Rounds
2

About

MemVerge delivers an AI memory layer through its flagship product MemMachine, an open-source platform that gives AI agents episodic, profile, and procedural memory persisting across sessions, agents, and large language models. Founded in 2017 and headquartered in San Jose, California, MemVerge addresses a core limitation of stateless AI systems by enabling personalized, context-aware AI assistants that recall and build on past interactions. The platform reduces token costs by up to 50% through intelligent context recall, improving output quality and user trust. MemMachine is available as open-source software as well as through commercial tiers including a White Glove Service ($2,500/month) and enterprise plans. Customers include Alibaba Cloud, American Express, ByteDance, Tencent Cloud, and Intesa Sanpaolo. The company also maintains deep expertise in CXL (Compute Express Link) memory architecture for HPC and AI infrastructure workloads.

Summary

MemVerge is an Artificial Intelligence company based in San Jose, United States, founded in 2017. It has raised $43.5M in total across 2 rounds, most recently a $19.0M Series B round in May 2020. Investors include Intel Capital, Lightspeed Venture Partners and NetApp.

Tech & App Stack

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Funding History

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Series BSeries BMay 2020
$19.0M

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Series A through Series B — per-round amounts, valuations, and who invested in each round.

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