2026 compute-in-memory landscape: 88 companies across 13 layers, valuations diverge sharply
FinanceYF5 · x · 2026-11-08
FinanceYF5 publishes a 2026 market map of compute-in-memory chips: 88 companies across 13 layers. Biggest valuations aren't in true in-memory compute — analog player Unconventional AI sits at $4.5B and digital CIM data-center player d-Matrix at $2B, while big-SRAM neighbor Cerebras is valued at $56.4B.
- Analog in-memory compute (37): RRAM/memristor (8), Flash/NOR (4, incl. Mythic, $125M raised), charge-domain analog (10, incl. EnCharge AI, $100M+ raised), edge digital CIM (9, incl. Axelera AI, $250M+ raised), data-center digital CIM (6).
- Near-memory & research (28): DRAM/HBM PIM (10, XCENA at $570M), edge at-memory (3), big-SRAM (4), big-tech/academic research (11 — imec 2,900 TOPS/W, Intel 18A 147 TOPS/W, TSMC SRAM 254 TOPS/W).
- Adjacent routes & upstream: photonic computing (7), neuromorphic (7), memory IP (8), equipment/materials/EDA.
Data as of 2026-11-02 from public sources; company-reported figures labeled.
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