AI chip manufacturer Syntiant, backed by Intel and Microsoft, has filed for an IPO
BlockBeats News, July 7th, according to Bloomberg, AI chip manufacturer Syntiant, backed by Intel and Microsoft, has filed for an IPO. The company produces ultra-low-power AI chips and software for on-device AI in headphones, wearables, and industrial systems.
According to its submitted documents, the company's Q1 performance is as follows: Revenue: $64.5 million (compared to $66.6 million in the same period last year), Net Loss of $26.2 million (compared to $16.8 million in the same period last year)
It is reported that Syntiant has raised a total of $311 million to date and is valued at $6.464 billion after its funding round in December 2024.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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