AI Chip Startup Syntiant Scales Production

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Syntiant Corp., the "neural decision processor" startup, announced completion of another funding round this week along with the shipment of more than 1 million low-power edge AI chips. The three-year-old startup based in Irvine, Calif., said Tuesday (Aug. The round was led by Microsoft's (NASDAQ: MSFT) venture arm M12 and Applied Ventures, the investment fund of Applied Materials (NASDAQ: AMAT). New investors included Atlantic Bridge Capital, Alpha Edison and Miramar Digital Ventures. Intel Capital was an early backer of Syntiant, part of a package of investments the chip maker announced in 2018 targeting AI processors that promise to accelerate the transition of machine learning from the cloud to edge devices.

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