Syntiant, a Irvine, Calif.-based deep learning tech company providing AI voice and sensor solutions at the edge, completed a $35m Series C funding round.
The round was led by M12 and Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc., with participation from new investors Atlantic Bridge Capital, Alpha Edison and Miramar Digital Ventures. In conjunction with the funding, Michael Stewart, Ph.D., investment director at Applied Ventures, has joined Syntiant’s board of directors, while David Lam, general partner of Atlantic Bridge Capital, will serve as a board observer.
The company intends to use the funds to continue to expand operations and its business reach.
Founded in 2017 and led by Kurt Busch, CEO, Syntiant is moving artificial intelligence and machine learning from the cloud to edge devices. Its advanced chip solutions merge deep learning with semiconductor design to produce ultra-low-power, high performance, deep neural network processors for always-on applications in battery-powered devices, such as smartphones, smart speakers, earbuds, hearing aids and laptops. The company also said it has shipped more than 1 million units of its Syntiant® NDP100™ and Syntiant® NDP101™ microwatt-power Neural Decision Processors™ (NDPs) to customers worldwide.
FinSMEs
04/08/2020