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

Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.

Indexed holds 2 funding rounds and 8 investors for this company. The full record is or through the API.

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

13 technologies & apps tracked

Every product and vendor across these categories, with where each signal came from.

Create a free account with 25 free credits every month, no card needed, to unlock the full tech & app stack, funding history, and valuations.

Funding History

Series BSeries BMay 2020
$19.0M

Sign up to see all 2 events

Funding: Series A through Series B. Amounts, valuations, and investors where available.

Investors

Similar Companies

Baseten

Baseten provides an inference platform that lets AI teams deploy, operate, and scale custom and o...

San Francisco, United States51–200Artificial Intelligence, Cloud
Series FTotal funding$2.1BJun 2026
Crusoe

AI infrastructure company building renewable-powered data centers and cloud compute optimized for...

Denver, United States201–500Artificial Intelligence, Clean Energy
Series FTotal funding$9.4BSep 2026
Mistral AI

Mistral co-creates tailored AI systems for enterprises and governments, combining frontier models...

Paris, France501–1000Artificial Intelligence, Generative AI
Series DTotal funding$7.0BSep 2026
Zhipu AIIPO

Chinese AI company developing GLM large language models and multimodal agent APIs for enterprises...

Beijing, China501–1000Artificial Intelligence, Developer Tools
Venture RoundTotal funding$5.5BJul 2026
NebiusIPO

AI cloud platform delivering full-stack infrastructure for model training, inference, and deploym...

Amsterdam, Netherlands1001–5000Artificial Intelligence, Cloud
ConvertibleTotal funding$5.0BMar 2026
Cognition

AI software engineering company building Devin, an autonomous AI coding agent capable of planning...

San Francisco, United States51–200Artificial Intelligence, Developer Tools
Series ETotal funding$4.1BSep 2026

Your company? Embed this profile

Add the live badge to your site — it stays current as your funding data updates.

MemVerge on Indexed.vc
<a href="https://indexed.vc/companies/memverge"><img src="https://indexed.vc/api/badge/company/memverge" alt="MemVerge on Indexed.vc" width="260" height="76" /></a>