Irvine-based Syntiant Corp., whose next-gen chips for voice control of electronic devices have taken on even greater importance during the COVID-19 pandemic, said it’s raised $35 million in new financing and shipped more than a million units.
Microsoft’s venture fund M12 and Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc., led the Series C financing, Syntiant said in a statement today. Atlantic Bridge Capital, Alpha Edison and Miramar Digital Ventures joined as new investors in the company.
The new financing round brings to $65 million the amount that Syntiant, led by CEO Kurt Busch, has raised from investors to date.
The company’s voice-activated chips help control smartphones, smart speakers, laptops, remote controls, wearables, hearing aids and dozens of other products. Manufacturers had already been moving to voice control before the coronavirus pandemic, which hastened the move away from touch-operated devices.
For more details, see the August 10 print edition of the Business Journal.
