Semiconductor startup Syenta has raised $8.8 million in pre-series A funding to accelerate its work addressing memory bandwidth challenges in artificial intelligence hardware.

The investment will support Syenta in developing chip technologies to improve the speed and efficiency of data movement, a key focus as AI models continue to grow rapidly in scale.

This places Syenta among several high-growth Australian startups attracting strong investor backing this year.

Further reading: LinkedIn post.

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