Syntiant adds Dr Michael Stewart to its Board along with raising $35m Series C funding led by M12 and Applied Ventures

– USA, CA –  Syntiant, a deep learning tech company providing AI voice and sensor solutions at the edge, today announced the completion of a $35 million Series C funding round led by M12 and Applied Ventures alongside Atlantic Bridge Capital, Alpha Edison and Miramar Digital Ventures joining as new investors.

Concurrent with the financing, Dr. Michael Stewart, Ph.D., investment director at Applied Ventures, has joined the board of directors, and David Lam, general partner of Atlantic Bridge Capital, will serve as a board observer.

“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 CEO Kurt Busch. “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.”

Delivering Customized Voice Experiences at the Edge Now a Reality

Syntiant is enabling customized voice experiences at the edge, across multiple product and use cases, including wake words, command words, speaker identification and event detection, all free from cloud connectivity, ensuring privacy and security.

“Syntiant’s class-leading power performance is making an ambient fabric of neural network-powered intelligence at the tiny edge a reality,” said Samir Kumar, managing director of M12. “We are now seeing Syntiant deliver on its execution strategy, setting new benchmarks that are unprecedented for a young AI chip company with the volume of products already shipped, and new customers coming on board.”

The company’s highly accurate NDPs have been designed into a wide range of battery-powered edge devices, such as smartphones, smart speakers, laptops and earbuds. Built from the ground up, Syntiant’s processors offer approximately 100x the power efficiency and 10x the throughput at half the die size, presenting a solution with the highest performance, lowest power and lowest cost compared to current MCU and DSP solutions.

“Syntiant is one of the few edge computing companies to have successfully designed-in their product in high-volume applications,” said Anand Kamannavar, global head of Applied Ventures. “We are pleased to co-lead the company’s latest funding round and have Dr. Michael Stewart join such a talented board. Applied Ventures looks forward to helping Syntiant grow existing and prospective customers across multiple use categories that can benefit from low-power processing technology for voice and sensor applications. Investments in innovative companies like Syntiant are a key part of Applied Ventures’ Materials to Systems investment strategy.”

“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.”

About Syntiant

Founded in 2017 and headquartered in Irvine, Calif., Syntiant Corp. is moving artificial intelligence and machine learning from the cloud to edge devices. 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, such as smartphones, smart speakers, earbuds, hearing aids and laptops. The company is backed by several 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. Syntiant continues to be recognized as an industry leader, being named to Gartner’s April 2020 Cool Vendors in AI Semiconductors; Fast Company’s prestigious list of the World’s Most Innovative Companies for 2020; The Linley Group’s 2019 Analysts’ Choice Award in the Best Embedded Processor category; CES 2020 Best of Innovation Awards Honoree; and 451 Research’s “451 Firestarter” Award.

For more information:

About M12

M12, Microsoft’s venture fund, invests in enterprise software companies primarily in the Series A through C funding stages with a focus on applied AI, business applications, infrastructure, security, and vanguard technologies. As part of its value-add to portfolio companies, M12 offers unique access to strategic go-to-market resources and relationships globally. M12 has offices in San Francisco, Seattle, London, Tel Aviv, and Bengaluru.

For more information:

About Applied Ventures

Applied Ventures, LLC, the venture capital arm of Applied Materials, invests in early-stage technology companies that promise to deliver high growth and exceptional returns. Its investments help develop technologies and markets that provide natural extensions to Applied Materials’ core business and stimulate the growth of applications for semiconductors, displays, and related products and services.

For more information:

About Atlantic Bridge Capital

Atlantic Bridge Capital is a global technology investment firm with over €950 million of assets under management across seven funds, investing in deep tech, growth-stage technology companies in Europe and the U.S. The firm has offices and investment teams based in Palo Alto, London, Dublin, Munich, and Paris.

For more information:

- DisclaimerNews, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.