NEOM Investment Fund partners with MemryX
NEOM, Kingdom of Saudi Arabia, May 5, 2025 – NEOM Investment Fund (NIF), the investment arm of NEOM, has announced a strategic investment in MemryX, a US-based leader in Edge AI semiconductor solutions. The partnership will accelerate the development and deployment of next-generation, energy-efficient edge AI accelerators which are critical to enabling the responsive and high-privacy intelligent digital infrastructure powering NEOM.
Majid Mufti, CEO of NIF, commented: “Our investment in MemryX marks another pivotal step toward realizing NEOM’s vision of an AI-native, energy-efficient future. It also reflects our commitment to backing transformative, next-generation technologies that will define the new era of intelligent…
