US Syntiant Raises $25 in Series B Funding

by StartupWorld Staff         

Syntiat Corp, which is a CA-based Artificial Intelligence-based semiconductor company, today in a report has announced that they have secured $25 Million in the funding round of Series B. This time the Microsoft Corp Ventures Fund led the round, M12 in collaboration with the Amazon Alexa Fund, Intel Capital, Motorola Solutions Venture Capital, Applied Ventures and Robert Bosch Venture Capital.

The company also announced the expansion of its five board members with the appointment of Samir Kumar, Managing Director of M12 and Bret Johnsen, the CFO of SpaceX, who will be going to work as an independent director.

“We are both humbled and excited to be supported by several of the world’s greatest technology companies,” said Kurt Busch, CEO of Syntiant. “With participation from existing and new investors and deeper guidance from our expanded board with the additions of Samir Kumar and Bret Johnsen, we will be able to commercialize Syntiant’s neural network technology for battery-powered devices to truly enable pervasive artificial intelligence.”

The company which is led by the Kurt Busch, CEO, Syntiant is working on creating an entirely new class of ultra-low power, deep neural network processors and high performance for the edge computing.

Its chip solution merges with the deep learning with the help of a semiconductor design which produces the highly efficient ultra-low power neural computation for always-on applications in the battery-powered devices. The product is best suited for the applications as well as small and IOT, to a large as smart speakers and smartphones.

Syntiant

“Syntiant’s architecture is well suited for the computational patterns and inherent parallelism of deep neural networks,” said Kumar. “We see great potential in its ability to enable breakthroughs in power performance for AI processing in IoT [Internet of things].”

“Machine learning at the edge is the new frontier for custom semiconductors,” said Dave Flanagan, vice president of Intel Corp. and group managing director of Intel Capital. “We are enthusiastic about the progress Syntiant has made since we led its Series A round last year. We look forward to working closely with the impressive line-up of Series B corporate investors to help further grow the company.”


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