eLab Ventures

eLab Ventures, established in 2012, is a California-based venture capital firm with a strategic presence in Ann Arbor, Michigan. It invests in early-stage technology startups, focusing on those with disruptive innovations, strong teams, and capital-efficient models, primarily in the AI, big data, IoT, and security sectors. The firm aims to bridge emerging entrepreneurial markets outside Silicon Valley, fostering world-changing ideas by connecting entrepreneurs with necessary capital and expertise.

Paul Brown

Partner

Past deals in Internet of Things

MemryX

Series B in 2025
MemryX Inc. is a fabless semiconductor company that specializes in developing in-memory computing chips designed to enhance performance for data-intensive tasks. Founded in 2018 and headquartered in Ann Arbor, Michigan, the company leverages its proprietary compute-at-memory technology and dataflow architecture to create memory processing units that are non-volatile and suitable for large-scale applications in artificial intelligence, machine learning, and big data. MemryX's innovative solutions are engineered to minimize data movement bottlenecks, offering high performance and accuracy while maintaining low power consumption. Their technology addresses the AI needs across various industries, including transportation and the Internet of Things, making it applicable to a wide range of industrial and consumer applications. In addition to its headquarters, MemryX operates offices in Bangalore, India, and Taipei and Hsinchu, Taiwan.

MemryX

Series A in 2021
MemryX Inc. is a fabless semiconductor company that specializes in developing in-memory computing chips designed to enhance performance for data-intensive tasks. Founded in 2018 and headquartered in Ann Arbor, Michigan, the company leverages its proprietary compute-at-memory technology and dataflow architecture to create memory processing units that are non-volatile and suitable for large-scale applications in artificial intelligence, machine learning, and big data. MemryX's innovative solutions are engineered to minimize data movement bottlenecks, offering high performance and accuracy while maintaining low power consumption. Their technology addresses the AI needs across various industries, including transportation and the Internet of Things, making it applicable to a wide range of industrial and consumer applications. In addition to its headquarters, MemryX operates offices in Bangalore, India, and Taipei and Hsinchu, Taiwan.

MemryX

Seed Round in 2019
MemryX Inc. is a fabless semiconductor company that specializes in developing in-memory computing chips designed to enhance performance for data-intensive tasks. Founded in 2018 and headquartered in Ann Arbor, Michigan, the company leverages its proprietary compute-at-memory technology and dataflow architecture to create memory processing units that are non-volatile and suitable for large-scale applications in artificial intelligence, machine learning, and big data. MemryX's innovative solutions are engineered to minimize data movement bottlenecks, offering high performance and accuracy while maintaining low power consumption. Their technology addresses the AI needs across various industries, including transportation and the Internet of Things, making it applicable to a wide range of industrial and consumer applications. In addition to its headquarters, MemryX operates offices in Bangalore, India, and Taipei and Hsinchu, Taiwan.
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