- Companies
- XCENA
Last XCENA valuation
$570M
Series B · May 2026
Last XCENA funding round
$135M
Series B · May 2026
Cumulative funding XCENA raised
$186M
across 3 funding rounds
Key investors in XCENA
IMM Investment
SBI Investment KOREA
Mirae Asset Venture Investment
Mirae Asset Capital
STIC Ventures
SV Investment
About XCENA
XCENA is a startup designing intelligent memory and memory-centric computing architectures utilizing CXL technology. The company targets high-performance data processing advancements for data centers and AI applications.
Founded
2022
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$570M (May 2026)
Sectors
XCENA Valuation
XCENA is currently valued at $570M, based on its Series B in May 2026.
The $135M round was led by Atinum Investment and IMM Investment, with participation from KDB Capital, STIC Ventures, Korea Development Bank, Kiwoom Investment, SV Investment and 5 other investors.
XCENA valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2026 | Series B | $570M |
XCENA Funding History
XCENA has raised a total of $186M across 3 funding rounds.
XCENA's first fundraising round was a $7M seed round in January 2023. The most recent completed round was a $135M Series B in May 2026.
XCENA funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2026 | Series B | Atinum Investment (lead); IMM Investment (lead); KDB Capital; STIC Ventures; Korea Development Bank; Kiwoom Investment; SV Investment; K2 Investment Partners; Kyobo Securities; Company K Partners; Partners Investment; SBI Investment KOREA | $135M | $570M | XCENA closed a $135 million Series B financing round on May 29, 2026, co-led by IMM Investment and Atinum Investment, with Kiwoom Investment participating as one of the new investors. The round was structured as a financing transaction rather than an acquisition, and the company said the financing lifted its post-money valuation to $570 million and brought total funding raised to $185 million. The company said it will use the capital to accelerate global expansion, scale customer deployments, and advance its next-generation computational memory solution for AI infrastructure. The investor base included a broad mix of returning and new venture and financial backers across Asia, including state-backed institutions and strategic investors, indicating continued institutional support for XCENA’s memory-centric computing platform. XCENA is described as a provider of memory-centric computing solutions for AI infrastructure. The disclosed transaction materials do not provide revenue, EBITDA, employee count, or operational scale figures in the supplied results. |
| May 2024 | Series A | TONY Investment; WONIK Investment Partners; Industrial Bank of Korea; STIC Ventures; IMM Investment; Mirae Asset Venture Investment; SV Investment; LB Investment; Mirae Asset Capital; SBI Investment KOREA | $44M | - | XCENA, formerly MetisX, is a South Korean semiconductor startup founded in 2022 that specializes in intelligent memory solutions using Compute Express Link (CXL) technology to enable data-centric computing architectures for applications like vector databases, big data analysis, and DNA sequencing. The company rebranded to XCENA to reflect its vision for revolutionizing computing with innovative products beyond traditional CPU-centric models. On May 13, 2024, XCENA closed a Series A funding round raising $44 million from 10 investors: IMM Investment, Industrial Bank of Korea, LB Investment, Mirae Asset Capital, Mirae Asset Venture Investment, SBI Investment Korea, STIC Ventures, SV Investment, TONY Investment, and WONIK Investment Partners. This follows a prior Seed VC round on January 24, 2023, bringing total funding to $50.88 million. Proceeds from the Series A are allocated to advance technology and business operations, including manufacturing its first ASIC chip slated for release in the first half of 2025. XCENA is pursuing partnerships with major memory vendors to promote CXL-based solutions and build an ecosystem for next-generation computing. The company is expanding globally, having established a U.S. branch in Silicon Valley to recruit talent and engage hyperscalers and database firms. Future plans include raising a strategic bridge round from U.S. investors in 2025, potentially marking a milestone for Korean semiconductor startups and enhancing valuation for ASIC promotion. |
| Jan 2023 | Seed | TONY Investment; WONIK Investment Partners; IMM Investment; Mirae Asset Venture Investment; Mirae Asset Capital; SBI Investment KOREA | $7M | - | - |
Who has invested in XCENA?
18 investors have backed XCENA across its funding rounds, including IMM Investment, SBI Investment KOREA, Mirae Asset Venture Investment, Mirae Asset Capital, STIC Ventures and SV Investment.
Lead investors include Atinum Investment and IMM Investment.
XCENA Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jan 2023 | ||
| 3 | Participant | Jan 2023 | ||
| 2 | Participant | Jan 2023 | ||
| 2 | Participant | Jan 2023 | ||
| 2 | Participant | May 2024 | ||
| 2 | Participant | Jan 2023 | ||
| 2 | Participant | May 2024 | ||
| 2 | Participant | Jan 2023 | ||
| 1 | Participant | May 2026 | ||
| 1 | Participant | May 2024 | ||
| 1 | Participant | May 2026 | ||
| 1 | Participant | May 2026 | ||
| 1 | Participant | May 2024 | ||
This data is available for Pro users. Sign up to see all 18 XCENA investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialXCENA Competitors
XCENA competitors include listed companies like Rashi Peripherals, 3D Systems, Kimball Electronics and DS Neolux, and private ones like The San Francisco Compute Company and Pavilion Data Systems.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.7B | $47M | $559M | - | ||
| Publicly listed | $387M | $72M | $588M | 1.5x | ||
| Publicly listed | $1.4B | $99M | $600M | 0.4x | ||
| Publicly listed | $251M | $57M | $532M | 1.7x | ||
| Private | - | - | $300M | - | ||
| Private | - | - | $295M | - |
XCENA Public Comps
XCENA is still privately-owned, but its public comps include Rashi Peripherals, 3D Systems, Kimball Electronics, DS Neolux, Hiper Global, AB S.A, Climb Global Solutions, Alpha Networks, PAX Global Technology and Amper.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.7B | $47M | 0.4x | - | 14.0x | - | |||
| $387M | $72M | 1.6x | 1.5x | 8.3x | (41.6x) | |||
| $1.4B | $99M | 0.4x | 0.4x | 6.3x | 6.1x | |||
| $251M | $57M | 2.1x | 1.7x | 9.2x | 7.3x | |||
| $281M | $24M | 2.0x | - | 23.2x | - | |||
| $3.9B | $75M | 0.2x | 0.2x | 10.0x | 7.5x | |||
| $653M | $35M | 0.7x | 0.7x | 13.1x | 9.9x | |||
| $705M | $20M | 0.9x | - | 30.6x | - | |||
This data is available for Pro users. Sign up to see all XCENA competitors and their valuation data. Start Free Trial | ||||||||
Common questions about XCENA
| When was XCENA founded? | XCENA was founded in 2022. |
| Where is XCENA headquartered? | XCENA is headquartered in Seongnam, South Korea. |
| Is XCENA publicly listed? | No, XCENA is a private, VC-backed company. |
| What is XCENA's valuation? | XCENA was last valued at $570M in its Series B in May 2026. |
| How much funding has XCENA raised? | XCENA has raised $186M across 3 funding rounds. |
| What was XCENA's last funding round? | XCENA's last funding round was a $135M Series B in May 2026, led by Atinum Investment and IMM Investment. |
| Who are XCENA's investors? | XCENA's investors include IMM Investment, SBI Investment KOREA, TONY Investment, WONIK Investment Partners, STIC Ventures, Mirae Asset Venture Investment, SV Investment, Mirae Asset Capital, KDB Capital, Industrial Bank of Korea and 8 others. |
| Which companies are comparable to XCENA? | Companies comparable to XCENA include Rashi Peripherals, 3D Systems, Kimball Electronics, DS Neolux, The San Francisco Compute Company and Pavilion Data Systems. |
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