Syntiant in Irvine Gets $55M in New Funds

Monday, March 28, 2022

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(Orange County Business Journal)

Chip technology company Syntiant Corp. of Irvine said it closed on $55 million in new funding, bringing the company’s total investment to more than $100 million since the company’s founding in 2017.

“We are at a pivotal point of our company’s growth and development, having shipped more than 20 million of our Neural Decision Processors as global market demand for edge AI rises among device manufacturers,” said Kurt Busch, CEO at Syntiant.

He added: “This new round of funding will help us expedite full production deployments among more than 50 current customer engagements, as our technology continues to make edge AI accessible to any battery-powered device.”

Syntiant’s low-power chips respond to voice and speech and can wake up a device or have it perform a specific function.

Category: Economic Development, Business Expansion, Destination Irvine, Technology