Snapshot from Jun 25, 2026 at 22:38 UTC. For live data and tracking: View Live
Events / Business / MemryX Appoints New CEO, VP
Business leadership change

MemryX Appoints New CEO, VP

Analysis based on 7 articles · First reported Jun 01, 2026 · Last updated Jun 01, 2026

Sentiment
60
Attention
4
Articles
7
Market Impact
Direct
Live prominence charts, article sentiment distribution, and event development timeline available on the NewsDesk Dashboard
Market Impact

The appointments of Ross Jatou as CEO and Joe Faris as VP of Sales and Marketing are expected to positively impact MemryX by strengthening its leadership and accelerating its expansion into data center opportunities. This could lead to increased market share and revenue for MemryX, potentially attracting further investment in the AI inference acceleration sector.

Semiconductor Artificial intelligence
Event Summary

MemryX, a developer of AI inference acceleration solutions, announced the appointments of Ross Jatou as Chief Executive Officer and Joe Faris as Vice President of Sales and Marketing on June 2, 2026. Ross Jatou, with over 30 years of semiconductor and AI leadership experience from companies like Alat Corporation, Onsemi, and Nvidia, succeeds Keith Kressin, who led MemryX for four years. Joe Faris, with over 20 years of experience from General Atomics, Onsemi, Intel, and TRW Inc., will focus on expanding customer engagement. These appointments aim to strengthen MemryX's leadership team as the company expands its AI acceleration architecture from edge applications into emerging data center opportunities, leveraging its production-proven 'at-memory' dataflow architecture. MemryX is backed by $44 million in Series B funding from investors including HarbourVest Partners, Saudi Arabia — Public Investment Fund, Arm IoT Fund, VSR Ventures Private Limited, VSR Ventures Private Limited, and VSR Ventures Private Limited.

Key Actions
100 MemryX appointed CEO Ross Jatou
90 MemryX appointed VP Sales Joe Faris
70 Keith Kressin stepped down as CEO MemryX
Entities Involved
priv
MemryX
MemryX strengthens its leadership team with the appointment of Ross Jatou as CEO and Joe Faris as VP of Sales and Marketing, aiming to accelerate its AI infrastructure expansion from edge to data center applications. This move is expected to enhance its commercial scaling and market opportunities.
Importance 100 Sentiment 70
per
Ross Jatou
Ross Jatou has been appointed as the new CEO of MemryX, bringing over 30 years of semiconductor and AI leadership experience. His expertise is expected to drive MemryX's growth and expansion into new markets.
Importance 90 Sentiment 70
per
Joe Faris
Joe Faris has been appointed as the new VP of Sales and Marketing for MemryX, bringing over 20 years of experience in commercial growth initiatives. He will focus on expanding MemryX's customer engagement and partner ecosystem.
Importance 80 Sentiment 60
per
Keith Kressin
Keith Kressin, the outgoing CEO of MemryX, successfully led the company to full production and expanded global customer engagement. He is passing the leadership baton to Ross Jatou for the next phase of growth.
Importance 60 Sentiment 50
per
Rick Bolander
Rick Bolander, a Board Member of MemryX, expressed confidence in the new leadership appointments, highlighting their combined expertise to scale MemryX commercially.
Importance 30 Sentiment 0
oth
Alat Corporation
Ross Jatou previously worked at Alat Corporation, overseeing semiconductor and AI infrastructure initiatives. This background is relevant to his new role at MemryX.
Importance 20 Sentiment 0
stock
Onsemi
Ross Jatou previously served as Senior Vice President at Onsemi, and Joe Faris held leadership roles there. Their experience at Onsemi is part of their qualifications for their new roles at MemryX.
Importance 20 Sentiment 0
stock
Nvidia
Ross Jatou spent 15 years at Nvidia, most recently as Vice President of Engineering. This experience contributes to his qualifications for the CEO role at MemryX.
Importance 20 Sentiment 0
govactor
Saudi Arabia — Public Investment Fund
The Saudi Arabia — Public Investment Fund is the parent entity of Alat Corporation, where Ross Jatou previously worked.
Importance 10 Sentiment 0
priv
General Atomics
Joe Faris most recently served at General Atomics, leading global teams. This experience is part of his qualifications for his new role at MemryX.
Importance 10 Sentiment 0
stock
Intel
Joe Faris spent nearly a decade in technical roles at Intel. This experience is part of his qualifications for his new role at MemryX.
Importance 10 Sentiment 0
stock
TRW Inc.
Joe Faris spent nearly a decade in technical roles at TRW Inc.. This experience is part of his qualifications for his new role at MemryX.
Importance 10 Sentiment 0
priv
HarbourVest Partners
HarbourVest Partners is an investor in MemryX, participating in its $44 million Series B funding.
Importance 10 Sentiment 0
govactor
Saudi Arabia — Public Investment Fund
Saudi Arabia — Public Investment Fund is an investor in MemryX, participating in its $44 million Series B funding.
Importance 10 Sentiment 0
oth
Arm IoT Fund
Arm IoT Fund is an investor in MemryX, participating in its $44 million Series B funding.
Importance 10 Sentiment 0
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