MemVerge, Inc. announced that it has received $19 million in a round of funding led by new investor Intel Capital on May 12, 2020. The transaction included participation from new investors Cisco Investments, NetApp, Inc. (NasdaqGS:NTAP), SK hynix, Inc. (KOSE:A000660), and existing investors Gaorong Capital, Glory Ventures, Jerusalem Venture Partners, LDV Partners, Lightspeed Venture Partners and Northern Light Venture Capital.