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Panmesia of Korea, a fabless semiconductor company focused on CXL, has raised $12.5 million in a seed funding round valuing the company at $81.4 million.
The South Korean chip startup Panmnesia has raised a seed round that values it at $81.4 million, the company has said.
Panmnesia's business is focused on developing intellectual property around a technology it calls Compute Express Link (CXL), which allows big data center operators to pool devices such as AI accelerator chips, processors and memory.