Syntiant Corp., an Irvine, CA-based artificial intelligence semiconductor company, raised $25m in Series B funding.
The round was led by M12, Microsoft Corp.’s venture fund, with participation from the Amazon Alexa Fund, Applied Ventures, Intel Capital, Motorola Solutions Venture Capital and Robert Bosch Venture Capital.
Syntiant also announced the expansion of its board to five members with the appointments of:
– Samir Kumar, managing director of M12, and
– Bret Johnsen, CFO of Space Exploration Technologies (SpaceX), who will serve as an independent director.
Led by Kurt Busch, CEO, Syntiant is creating an entirely new class of ultra-low-power, high-performance, deep neural network processors for edge computing.
Its chip solutions merge deep learning with semiconductor design to produce highly efficient ultra-low-power neural computation for always-on applications in battery powered devices. They are suited for applications as small as hearing aids and IoT, to as large as smart speakers and mobile phones.
FinSMEs
24/10/2018