The AI edge hardware startup, Syntiant, has recently announced that it secured $35 million in Series C funding round. The funding was led by Microsoft’s venture fund M12 and Applied Ventures. In addition, Alpha Edison, Atlantic Bridge Capital, and Miramar Digital Ventures contributed as new investors for the company. As per Samir Kumar, MD at M12, “We are now seeing Syntiant deliver on its execution strategy, setting new benchmarks that are unprecedented for a young AI chip company with the volume of products.”
As per Meticulous Research, the voice and speech recognition hardware market is
estimated to touch $26.8 billion over the next five years. The company will use the finance
to ramp up its production of AI speech-processing edge chips through the rest of 2020.
Source: Venturebeat
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