Tech Firm Syntiant Raises $35M In Series C

Voice-focused deep learning tech firm Syntiant has notched $35 million in a Series C funding round. Applied Ventures, LLC and M12, the venture fund of Microsoft, headed up in the financing, according to a Tuesday (August 4) announcement from Syntiant.Alpha Edison, Miramar Digital Ventures and Atlantic Bridge Capital also came on board as new investors in Syntiant.Syntiant CEO Kurt Busch said in the announcement, "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."Syntiant, Its neural decision processors (NDPs) have become a part of the design of a broad array of devices powered by batteries like smart speakers, notebooks, headphones and smartphones.M12 Managing Director Samir Kumar said in the announcement, "Syntiant's class-leading power performance is making an ambient fabric of neural network-powered intelligence at the tiny edge a reality."According to Syntiant, the market for speech and voice recognition is anticipated to arrive at $26.8 billion by 2025, citing a Meticulous Research …