Intel-backed software company Syntiant files for US IPO

Syntiant Corp, a semiconductor and AI software company focused on "physical AI", filed for a U.S. initial public offering on Monday, seeking to capitalize on investor enthusiasm for AI and computing.

The listing is the latest in a string of AI-related IPOs ‌this year, ⁠amid a ⁠broader revival in the U.S. IPO market as companies seek ​to capitalize on growing investor confidence.

More than $260 billion of equity issuance is ​expected to arrive this year, J.P.Morgan said in a note.


Founded in 2017 by four entrepreneurs, Syntiant develops low-power ​AI processors designed to run machine-learning ⁠models directly ‌on devices.

Its technology has been deployed ​across a ​range of devices, from earbuds and wearables ⁠to industrial systems and automobiles, the company said.

In ​December 2024, the company completed the acquisition ​of Knowles Corp's consumer MEMS microphone business, which specializes in producing microphones for smartphones, earbuds and other consumer devices.

The Irvine, California-based Syntiant posted a net loss of $20.9 million on revenue of $64.5 million for the three ‌months ended March 31, 2026, compared with a net loss of $14.1 million on revenue of $66.6 ​million a ​year earlier.

Among the ⁠company's backers are Intel Capital, the venture investment arm of Intel, along with Microsoft Global Finance and Knowles Corp, according ​to Syntiant's regulatory filing.

Syntiant plans to list its shares on the Nasdaq under the symbol "SYTN."

Citigroup, BofA Securities, UBS Investment Bank and Needham & Company are among the underwriters for the offering.