The market for edge AI devices is growing fast, and Ambiq’s IPO will help it fund more products to meet demand there, executives say.

Wen Hsieh, who was a general partner at Kleiner Perkins until 2023, first backed Ambiq when the company raised its Series C in 2014. Hsieh also invested in Ambiq after he launched his own venture firm, Matter Venture Partners, two years ago.

Ambiq Micro touts ultra-low power chips for AI at the edge, but recent revenue growth has stalled, and losses remain large. Learn more on AMBQ stock here.