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Syntiant, Backed by Intel and Microsoft, Submits IPO Application

GateNews
AI Industry News

According to Bloomberg, on July 7, AI chip maker Syntiant, backed by Intel and Microsoft, submitted its IPO application. The company designs ultra-low-power AI chips and software for on-device AI in earbuds, wearables, and industrial systems.

In Q1, Syntiant posted revenue of $64.5 million and a net loss of $26.2 million. The company has raised $311 million to date and was valued at $646.4 million following a December 2024 funding round.

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