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Syntiant Secures $35 Million to Continue Expanding Operations
Syntiant's 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
FREMONT, CA: Syntiant, an Irvine, Calif.-based deep learning tech company providing AI voice and sensor solutions at the edge, raised $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. The company will use its latest capital to continue to expand operations and its business reach.
"It is a tremendous honor to know that some of the world's leading tech investors are supporting our growth stage, as we deliver our deep learning voice solution to customers across the globe," said Kurt Busch, CEO of Syntiant. "We are especially thrilled that production volumes of applications using our neural decision processors are increasing and expect orders to ramp even higher throughout the remainder of 2020, as our NDPs continue to set the standard for always on voice as the new interface."
Along with the funding, Syntiant also announced that Michael Stewart, Ph.D., investment director at Applied Ventures, has joined Syntiant's board of directors. At the same time, David Lam, general partner of Atlantic Bridge Capital, will serve as a board observer.
"Syntiant is truly leading the edge compute space with its AI chip solution," said David Lam. "I am excited about joining the team and leveraging our firm's successful track record of backing world-class companies in semiconductors and artificial intelligence to support the expansion of Syntiant's disruptive technology as deep learning moves from the cloud to the edge."
Founded in 2017 and led by Kurt Busch, CEO, Syntiant is enabling customized voice experiences at the edge, across multiple products and use cases, including wake words, command words, speaker identification and event detection, all free from cloud connectivity, ensuring privacy and security.