Syntiant, which designs ultra-low power chips for AI computing and other applications, filed on Monday with the SEC to raise up to what we estimate could be $300 million in an initial public offering.
Syntiant designs semiconductor chips and AI processing software for speech, audio, sensor, and vision applications. The company's Neural Decision Processors perform on-device inference for battery-powered and always-on devices, and it also offers software tools for developing and deploying machine learning models across a range of processor architectures. Its products are integrated into devices such as smartphones, smart speakers, wearables, earbuds, and automotive and industrial equipment, and the company sells both discrete components and full-stack hardware/software platforms through direct sales and a network of distributors and manufacturers' representatives. Revenue is currently driven primarily by sensor products, with AI processor and model sales representing a smaller but growing portion of the business. In late 2024, Syntiant acquired Knowles' Consumer MEMS Microphones business.
The Irvine, CA-based company was founded in 2017 and booked $270 million in revenue for the 12 months ended March 31, 2026. It plans to list on the Nasdaq under the symbol SYTN. Syntiant filed confidentially on April 27, 2026. Citi, BofA Securities, UBS Investment Bank, Needham & Co., Stifel, Cantor Fitzgerald, KeyBanc Capital Markets, Craig-Hallum Capital Group, Rosenblatt Securities, Roth Capital, Nomura Securities, and WR Securities are the joint bookrunners on the deal.
