XCENA, a provider of memory-centric computing solutions leveraging the CXL (Compute Express Link) standard, announced a...

XCENA, a provider of memory-centric computing solutions leveraging the CXL (Compute Express Link) standard, announced a $135 million Series B funding round on May 29, 2026 (press release). The round brings total funding to $185 million at a $570 million valuation, with participation from multiple Asian investors. XCENA's MX1 product uses CXL 3.x to pool DDR5 memory with near-data processing, targeting AI workloads. This significant investment indicates strong investor confidence in CXL-based architectures, accelerating product deployment and ecosystem development. Additionally, the CXL Consortium released the CXL 4.0 specification in November 2025 (CXL IR snapshot), doubling bandwidth to 128 GT/s and adding memory RAS features, further validating the standard's evolution. Together, the funding and specification progress signal growing adoption and technological maturity for CXL, benefiting the broader ecosystem including memory and interconnect suppliers.