Syntiant, an Irvine-based edge AI chipmaker, has filed an S-1 with the SEC to list Class A shares on the Nasdaq under ticker SYTN. The company designs low-power processors and software for on-device AI in earbuds, wearables, cars, drones, and industrial machinery. It reported $64.5mn in revenue for Q1 fiscal 2026 with a net loss of $26.2mn. Syntiant has raised $311mn to date, backed by Intel, Microsoft, Amazon Alexa Fund, and Bosch Ventures, and recently acquired Knowles' MEMS microphone business for $150mn. The IPO terms and pricing remain undisclosed, with listing expected later in 2025. The company competes with Qualcomm and Ambarella in the low-power inference chip market, with over 100 million processors shipped.
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