Intel and Microsoft-backed AI chip manufacturer Syntiant has filed for an IPO

BlockBeats News, July 7th, according to Bloomberg, Intel and Microsoft-backed AI chip manufacturer Syntiant has submitted an IPO application. The company produces ultra-low-power AI chips and software for edge AI devices in headphones, wearables, and industrial systems.

According to its filed documents, the company had Q1 revenue of $64.5 million ($66.6 million in the same period last year) and a net loss of $26.2 million ($16.8 million in the same period last year).

Reportedly, Syntiant has raised a total of $311 million to date and is valued at $6.464 billion after a funding round in December 2024.