Syntiant, an Irvine, CA-based provider of deep learning solutions to deploy edge AI across always-on voice, sensor, audio, and image applications, raised $55 million in funding.
Backers included Renesas Electronics Corporation (TSE:6723), Millennium Technology Value Partners, and Mirae Asset Capital.
The company, which has raised more than $100m since its founding in 2017, intends to use the funds for enhancing software capabilities, as well as accelerating the deployment of its third-generation Syntiant Core 3™ architecture, which they expect to introduce next year.
Company: Syntiant Corp.
Raised: $55.0M
Round: Unknown
Funding Month: March 2022
Lead Investors: Renesas Electronics Corporation (TSE:6723), Millennium Technology Value Partners, and Mirae Asset Capital
Additional Investors:
Company Website: https://www.syntiant.com/
Software Category: Deep Learning Solutions
About the Company: Founded in 2017, Syntiant Corp. is a leader in delivering end-to-end deep learning solutions for always-on applications by combining purpose-built silicon with an edge-optimized data platform and training pipeline. Syntiant offers end-to-end deep learning solutions for always-on applications by combining purpose-built silicon with an edge-optimized data platform and training pipeline. Its chip solutions merge deep learning with semiconductor design to produce ultra-low-power, high-performance, deep neural network processors for edge AI applications across a wide range of consumer and industrial use cases, from earbuds to automobiles. The company’s Neural Decision Processors™ allow edge devices to hear, speak, see and feel in a wide range of domains such as earbuds, wearables, smartphones, smart speakers, laptops, automobiles, and other IoT consumer and industrial use cases. In July 2021, Syntiant and Renesas Electronics Corporation announced a collaboration for a voice-controlled multimodal solution with Renesas’ RZ/V Series MPUs and Syntiant’s NDP120 Neural Decision Processor™ (NDP) that enables low-power contactless operation for image processing in vision AI-based IoT and edge systems. The company is also backed by some of the world’s leading strategic and financial investors, including Intel Capital, Microsoft’s M12, Applied Ventures, Robert Bosch Venture Capital, the Amazon Alexa Fund, and Atlantic Bridge Capital.
Source: https://www.finsmes.com/2022/03/syntiant-raises-55m-in-funding.html