By Elias Schisgall
Syntiant, a physical artificial-intelligence company, filed for an initial public offering.
The company, which makes AI technology and sensors that allow machines to gather data from the real world, did not say how many shares it plans to list or at what price, according to a Monday filing with the Securities and Exchange Commission.
It said it may use a portion of the proceeds to repay debts or pursue acquisitions, as well as for general corporate purposes.
Syntiant reported a loss of $20.9 million on $64.5 million in revenue in the quarter ended March 31, according to the filing.
It has received investments from venture capital funds affiliated with Intel, Microsoft, Bosch, and Applied Materials.
It said it plans to apply to list shares on the Nasdaq Global Market under the symbol SYTN.
Write to Elias Schisgall at elias.schisgall@wsj.com