Total amount raised
$152 Millions
Latest funding date
07/01/2021
Location
Untether AI has developed AI inference accelerator integrated circuits (ICs) that offer high throughput, accuracy, and energy efficiency. Their technology is designed to enhance AI applications across various sectors, including Vision AI, Datacenters, Autonomous Vehicles, Government, Financial Services, and AgTech.
Keep reading to explore the intricacies of Untether AI's fundraising journey and the investors backing this innovative platform.
What Is Untether AI?
Untether AI, headquartered in Toronto, specializes in developing ultra-efficient, high-performance AI inference accelerators. Their technology aims to make AI more accessible and cost-effective for various applications, leveraging a unique at-memory computing architecture.
Operating within the AI and semiconductor industry, Untether AI focuses on providing solutions for diverse markets, including vision applications, datacenters, autonomous vehicles, government, financial services, and AgTech. The company draws on expertise from both Silicon Valley and Toronto to accelerate AI inference everywhere.
How Much Funding Has Untether AI Raised?
- Non-Equity Assistance
- Date: October 2017
- Lead Investors: -
- Series A
- Amount Raised: $13M
- Date: April 2019
- Lead Investors: Intel Capital
- Series A
- Amount Raised: $7M
- Date: November 2019
- Lead Investors: Intel Capital, Radical Ventures
- Series A
- Amount Raised: $7M
- Date: July 2020
- Lead Investors: Radical Ventures
- Series B
- Amount Raised: $125M
- Date: July 2021
- Lead Investors: Intel Capital, Tracker Capital Management
In total, Untether AI has raised $152M.
Key Investors
- Intel Capital
- Details: Intel Capital is the global investment organization of Intel Corporation, focusing on technology startups. They provide funding to companies that align with Intel's strategic interests.
- Investment Focus Areas: Artificial Intelligence, Cloud Computing, 5G
- Notable Investments: Cloudera, Mirantis, MongoDB
- Tracker Capital Management
- Details: Tracker Capital Management is a venture capital firm that invests in early-stage technology companies. They aim to support innovative solutions across various industries.
- Investment Focus Areas: Cybersecurity, Fintech, AI
- Notable Investments: Not publicly disclosed
- Radical Ventures
- Details: Radical Ventures is a venture capital firm based in Toronto, specializing in artificial intelligence and machine learning startups. They focus on companies that leverage AI to transform industries.
- Investment Focus Areas: Artificial Intelligence, Machine Learning, Robotics
- Notable Investments: Cohere, Xanadu, Waabi
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