Syntiant
Assembly Line
AI chip company Syntiant raises $55mn
Syntiant, a provider of deep learning solutions, has announced that it has closed $55 million in new funding, bringing the total investment to more than $100 million since the company was founded in 2017. Renesas Electronics, Millennium Technology Value Partners and Mirae Asset Capital are among five new investors. Existing investors also participated in the raise. The new funds will be used for enhancing software capabilities, as well as accelerating deployment of the company’s third-generation Syntiant Core 3 architecture, which Syntiant expects to introduce in 2023.
In July last year, Syntiant and Renesas announced a collaboration for a voice-controlled multimodal solution with Renesas’ RZ/V Series MPUs and Syntiant’s NDP120 Neural Decision Processor (NDP) that enables low-power contactless operation for image processing in vision AI-based IoT and edge systems.