Syntiant, AI Chip Specialist, Raises Funds, Ramps Production
Syntiant Corp., the “neural decision processor” startup, announced completion of another funding round this week along with the shipment of more than 1 million low-power edge AI chips.
The three-year-old startup based in Irvine, Calif., said Tuesday (Aug. 4) its Series C funding round generated $35 million, raising its venture capital total to just over $65 million, according to the website Crunchbase.com.
The round was led by Microsoft’s (NASDAQ: MSFT) venture arm M12 and Applied Ventures, the investment fund of Applied Materials (NASDAQ: AMAT). New investors included Atlantic Bridge Capital, Alpha Edison and Miramar Digital Ventures.
Intel Capital was an early backer of Syntiant, part of a package of investments the chip maker announced in 2018 targeting AI processors that promise to accelerate the transition of machine learning from the cloud to edge devices.
Syntiant’s speech-recognition processors are used in battery-powered edge devices ranging from smartphones and smart speakers to laptops and earbuds. They are also used in sensor platforms. Early use cases include “wake” and command words, speaker identification and event detection.
The startup claims its processors offer a 100-fold improvement in power efficiency and a throughput improvement over microcontrollers and digital signal processors.
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