EETimes - Syntiant Raises Another $35M, Ships 1 Million Edge AI Chips

Ultra-low-power AI accelerator startup Syntiant has raised another $35 million in a series C round of funding to bring the total raised by the company to $65 million. Syntiant, whose 66 staff work out of Irvine, Calif., also announced that it has hit a shipping milestone with 1 million parts in the hands of customers. Third round Syntiant's C round was led by Microsoft's VC fund, M12, and Applied Ventures, the VC arm of Applied Materials. "[$35m] gets us pretty far into growing our sales team and ramping our revenue," Syntiant CEO Kurt Busch told EE Times. "We have the second-generation chip already back in the lab, which we expect to announce before the end of the year… this funding will also be used to fund development of third generation silicon and build out our customer base."