Veevx
Veevx is a fabless semiconductor company developing MRAM-based iRAM memory chiplets and iRAMx compute-in-memory AI accelerator chiplets for ultra-low-power on-device AI in mobile and edge devices.
- Company typePrivate
- Founded2022
- HeadquartersMesa, United States
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
Veevx firmographics
Firmographics- Name
- Veevx
- Legal name
- Veevx, Inc.
- Website
- https://veevx.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Acquired
- Headcount range
- 1–10 employees
- Short description
- Veevx is a fabless semiconductor company developing MRAM-based iRAM memory chiplets and iRAMx compute-in-memory AI accelerator chiplets for ultra-low-power on-device AI in mobile and edge devices.
- Ownership category
- akta.pro rank
Veevx industry classification
Industry- Product category
- Semiconductor memory chiplets
- NAICS
- Semiconductor and Related Device Manufacturing (334413), Computer Storage Device Manufacturing (334112)
- SIC
- Computer Storage Devices (3572)
- akta.pro primary industry
- Persistent/Non-Volatile Memory (MRAM/ReRAM/PCM/FeRAM) (HDAHAKAF)
- akta.pro secondary industries
- Edge AI Hardware & NPUs (SoCs, modules, accelerators) (HDAAAJAC), Embedded & Managed NAND (eMMC/UFS/eMCP) (HDAHAKAG), Advanced SoCs & Application Processors (HDAHAAAB), Memory & Storage (DRAM/NAND/Non-Volatile) (HDAHAAAC)
Keywords
Where Veevx is headquartered
LocationHeadquarters
- HQ city
- Mesa
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Veevx business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales
Revenue model
- iRAM Chiplet Sales: Sale of iRAM chiplet products - next-generation memory replacing SRAM and Flash for semiconductor customers. Revenue generated from chiplet product sales to chip manufacturers and AI semiconductor companies.
- iRAMx AI Accelerator Sales: Sale of iRAMx AI accelerator chiplets designed for edge AI applications. Products are co-packaged with host processors and target battery-operated devices.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels3 records
Veevx product offering
Product offeringCore offering
Veevx designs and sells two fabless semiconductor chiplet products: iRAM, an MRAM-based memory chiplet that replaces both SRAM and Flash with 2X density, 5X lower power than SRAM, and >1E12 write endurance, and iRAMx, a compute-in-memory AI accelerator chiplet co-packaged with a host processor that delivers data center AI compute performance at 1/10 the power for battery-operated edge devices.
Product overview
Veevx is a fabless semiconductor company developing ultra-low power products for AI functionality in mobile and edge devices. The company offers two core products: iRAM (MRAM-based memory chiplet replacing SRAM and Flash) and iRAMx (AI accelerator chiplet co-packaged with host processors). Together, these products deliver data center AI compute performance at 1/10 the power, enabling battery-operated devices to run 2-3X longer. Both products utilize proprietary MRAM technology and compute-in-memory architecture.
Differentiator
Problem solved
Functional benefit
Brands
- iRAM: iRAM Chiplet – Next Generation Memory Replacing SRAM and Flash. A product offering 2X density over embedded SRAM with 3ns read performance and >1E12 write endurance.
- iRAMx
Products and services
- iRAM Next-generation MRAM-based memory chiplet that replaces both SRAM and Flash, offering 2X density over embedded SRAM, 5X lower power than SRAM, 3ns read performance, and greater than 1E12 write endurance, intended for semiconductor and AI SoC customers designing at advanced process nodes.
- iRAMx AI accelerator chiplet that delivers data center AI compute performance at 1/10 the power, co-packaged with a host processor and built on a compute-in-memory architecture, designed for battery-operated edge AI devices.
Quantifiable outcome
- 1/10 the power consumption compared to data center AI compute
- +5 more outcomes
Companies that use Veevx
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Veevx technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature4 records
Veevx partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered flagship and core.
- AinekkoflagshipMerger combining Veevx's iRAM MRAM non-volatile memory technology and AI accelerator with Ainekko's RISC-V compute cores from its prior Esperanto acquisition. The merged company operates under the Ainekko brand and plans to build an open-source platform for AI design agents. Veevx co-founder Douglas Smith joined Ainekko's executive team. The first tape-out combining both technologies is scheduled for early Q2 2026 on TSMC's 16-nm process.
- Silicon CatalystcoreSilicon Catalyst, the world's only incubator focused exclusively on accelerating semiconductor solutions, admitted Veevx as a portfolio company. Veevx Intelligent Memory (iRAM) Chiplets combine high performance, high density, and ultra-low power enabling next-generation memory technology for a wide variety of markets.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Veevx competitors and assessment
Company assessmentEmerging players
- Mythic: Analog compute-in-memory AI accelerator startup targeting edge inference with low-power analog matrix processing. Closely comparable to iRAMx on architecture (CIM, analog compute) and use cases.
- Achronix Semiconductor: FPGA-based chiplet and embedded FPGA IP company. Comparable as a chiplet-based semiconductor IP vendor with similar licensing/sales motion to chip designers.
- Flex Logix: AI semiconductor IP and chiplet company whose InferX X1 edge AI accelerator targets similar low-power inference workloads. Comparable as a chiplet/edge-AI peer; COO Dana McCarty previously served as GM at Flexlogix.
Direct peers
- Syntiant: Edge AI chip company shipping ultra-low-power neural decision processors for always-on battery-operated devices. Directly comparable to iRAMx as an edge-AI accelerator optimized for milliwatt power budgets.
- Everspin Technologies: Pure-play MRAM manufacturer producing STT-MRAM products for embedded and standalone memory. Directly comparable as a fabless/IDM MRAM vendor targeting similar embedded memory sockets at industrial, automotive, and IoT customers.
- Hailo: Edge AI processor company with shipping AI accelerators for edge devices and automotive. Competes with iRAMx in the same edge-AI inference accelerator category, with comparable power-efficiency positioning.
- Esperanto Technologies: RISC-V AI accelerator company whose compute core IP was acquired by Ainekko. Directly comparable as a RISC-V-based AI compute platform; the merged Veevx/Ainekko entity inherits technology previously housed here.
Others
- Synopsys: EDA and semiconductor IP giant whose DesignWare memory compilers and foundation IP compete with iRAM at the IP-block level in customer SoC designs. Indirectly comparable as a memory IP vendor serving the same customer base.
Broad incumbents
- Arm: Dominant CPU IP and increasingly NPUs for edge AI. Serves the same mobile/edge SoC customers Veevx targets and represents the platform incumbent that any alternative IP (including Veevx's MRAM and CIM accelerator) must integrate with.
- Samsung Foundry (Embedded MRAM): Samsung's foundry business offers embedded MRAM at advanced process nodes as part of its broader memory IP portfolio. Represents the incumbent embedded-memory alternative that Veevx must displace in customer SoC designs.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Veevx social profiles
Digital presenceVeevx financial estimates
Financial estimateRevenue estimate
Valuation estimate
Veevx leadership team
Management profileNumber of profiles
Profiles2 records
Veevx funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Veevx M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Veevx
What does Veevx do?
Veevx designs and sells two fabless semiconductor chiplet products: iRAM, an MRAM-based memory chiplet that replaces both SRAM and Flash with 2X density, 5X lower power than SRAM, and >1E12 write endurance, and iRAMx, a compute-in-memory AI accelerator chiplet co-packaged with a host processor that delivers data center AI compute performance at 1/10 the power for battery-operated edge devices.
Is Veevx a public or private company?
Veevx is a private company. It is classified as founder individual operated bootstrapped and is currently acquired.
When was Veevx founded?
Veevx was founded in 2022. It employs 1 to 10 people.
Where is Veevx based?
Veevx is headquartered in Mesa, United States, in the North America region.
How does Veevx make money?
Two revenue lines are on record. iRAM Chiplet Sales are the primary driver. The others are iRAMx AI Accelerator Sales.
Who are Veevx's main competitors?
Emerging players on record are Mythic, Achronix Semiconductor and Flex Logix. Direct peers are Syntiant, Everspin Technologies, Hailo and Esperanto Technologies. Synopsys is listed as an others. Broad incumbents are Arm and Samsung Foundry (Embedded MRAM).
Does Veevx have an API?
No public API is recorded for Veevx.
What industry is Veevx in?
Veevx's product category is Semiconductor memory chiplets. Its primary akta.pro industry code is HDAHAKAF, Persistent/Non-Volatile Memory (MRAM/ReRAM/PCM/FeRAM), with a secondary code of HDAAAJAC, Edge AI Hardware & NPUs (SoCs, modules, accelerators). Its NAICS code is 334413 and its SIC code is 3572.