In this paper, we propose the concept of compute memory, where computation is deeply embedded into the memory (SRAM). This deep embedding enables multi-row read access and analog signal processing. Compute memory exploits the relaxed precision and linearity requirements of pattern recognition applications. System-level simulations incorporating various deterministic errors from analog signal chain demonstrates the limited accuracy of analog processing does not significantly degrade the system performance, which means the probability of pattern detection is minimally impacted. The estimated energy saving is 63 % as compared to the conventional system with standard embedded memory and parallel processing architecture, for 256x256 target image.