AI chip maker Syenta raises $36 million to expand to the US
The startup will use the new funding for the commercialisation of its technology for high-volume production and expanding into the United States.
Australia’s AI data centre push could be bolstered by computer chip maker Syenta, which has raised $36 million (US$26 million) in a Series A round.
The round was led by Silicon Valley VC Playground Global and the National Reconstruction Fund, which chipped in $10.1 million. Existing investors Investible, Salus Ventures, Jelix Ventures, and Wollemi Capital once again backed the six-year-old Australian National University spin-out, now based in Sydney.
Playground Global general partner Pat Gelsinger, a former Intel CEO, will join the board
Syenta previously raised $2.2
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