Woofun AI reports that Syntiant, an artificial intelligence chip manufacturer supported by Intel and Microsoft, has officially filed for an initial public offering. The firm specializes in ultra-low-power AI chips and software designed for on-device applications in headphones, wearables, and industrial systems.

Filed documents reveal that Syntiant generated $64.5 million in revenue during the first quarter, a decline from $66.6 million in the same period last year, while recording a net loss of $26.2 million compared to $16.8 million previously. To date, the company has raised a total of $311 million, with a post-money valuation of $6.464 billion following its December 2024 funding round.