Fundraising Fox

By AMD

Santa Clara, US · Founded 2023 · Delaware corporation · 14 employees on LinkedIn · 2 known investors

MEXT builds software that uses AI below the application layer to make high-capacity system flash storage appear to the operating system as DRAM-speed memory, expanding usable memory capacity by 2-4X. The technology is aimed at addressing DRAM supply constraints for data centers and AI workloads. The company was acquired by AMD.

Founders & leadership

By AMD was founded in 2023 by Gary Smerdon.

GSGary Smerdon
Gary SmerdoninCEO and Founder
MBMichael Berman
Michael BermaninExecutive
GS
GARY SMERDONNamed on SEC filing

Board

CR
Christopher RustBoard director
CR
CHRISTOPHER RUSTBoard director

Investors · 2

Reported raises · per SEC filings

Form D private placements

$10.6M disclosed across 2 rounds · 2024–2025

$2.4MraisedOct 2025 · 6 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Michael BermanExecutive Officer
  • Gary SmerdonExecutive Officer, Director, Promoter
  • Christopher RustDirector
Offering amount
$4M
Amount sold
$2.4M
First sale
Oct 2025
Incorporated
Corporation, Delaware, 2023
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$8.2MraisedMay 2024 · 15 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • GARY SMERDONExecutive Officer, Director
  • CHRISTOPHER RUSTDirector
Offering amount
$8.2M
Amount sold
$8.2M
First sale
May 2024
Incorporated
Corporation, Delaware, 2023
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 5

by search overlap
Mordorintelligence3 shared keywordsMordor Intelligence is a market research and advisory firm that produces syndicated industry reports and custom research across more than 20 industry verticals, serving enterprises worldwide. It provides market sizing, segmentation, competitive analysis, and tailored insights to support client business and go-to-market strategy.
Marketsandmarkets3 shared keywordsMarketsandMarkets is a market research and growth consulting firm that helps B2B enterprises identify and monetize business opportunities tied to emerging technologies. It offers growth advisory programs and knowledge services including sector research, data analytics, and competitive intelligence, and operates an AI-enabled market intelligence platform.
MEMX3 shared keywordsMEMX operates U.S. equities and options exchanges (maker/taker) and licenses a custom exchange platform to market participants. It serves capital markets trading firms and organizations building their own exchanges.
TradingView3 shared keywordsTradingView is a charting platform and social network used by over 100 million traders and investors worldwide to analyze and trade across global financial markets. The platform provides tools for technical analysis, market data, and community collaboration for retail and institutional traders.
Adext AI3 shared keywordsAdext AI provides machine learning-based optimization for Google and Facebook advertising campaigns, automatically adjusting audience segments and budget allocations to maximize return on ad spend for advertisers and agencies.

Companies competing with By AMD for the same Google search keywords, organic and paid, via search-intersection analysis.

Frequently asked questions

What does By AMD do?
MEXT builds software that uses AI below the application layer to make high-capacity system flash storage appear to the operating system as DRAM-speed memory, expanding usable memory capacity by 2-4X. The technology is aimed at addressing DRAM supply constraints for data centers and AI workloads. The company was acquired by AMD.
Who founded By AMD?
By AMD was founded by Gary Smerdon in 2023.
Who are By AMD's investors?
By AMD's investors include Page One Ventures, Raptor Group.
How much funding has By AMD raised?
By AMD has disclosed $10.6M raised across 2 rounds.
Where is By AMD headquartered?
By AMD is headquartered in Santa Clara, US.