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Untether Ai Announces Oversubscribed $125 Million Funding To Deploy High-Performance Ai Inference Acceleration Chips

PRIVATEJul 20, 2021•almost 5 years ago

Amount Raised

$125 Million

Toronto

Description

Untether AITM, the leader in at-memory computation and AI inference acceleration, today announced an oversubscribed $125 million funding round led by an affiliate of Tracker Capital Management, LLC (“Tracker Capital”), a stage-agnostic venture capital investor that principally invests in high-potential technology growth companies. Tracker Capital was founded by Stephen A. Feinberg who is also Co-Founder and Co-CEO of Cerberus Capital Management. The round was co-led by Intel Capital, Intel Corporation’s global investment organization, and included participation from new investor Canada Pension Plan Investment Board (“CPP Investments”) and existing investor Radical Ventures.

Company Information

Company

Untether Ai

Location

Toronto, Ontario, Canada

About

Untether AI provides ultra-efficient, high-performance AI chips to enable new frontiers in AI applications. By combining the power efficiency of at-memory computation with the robustness of digital processing, Untether AI has developed a groundbreaking new chip architecture for neural net inference that eliminates the data movement bottleneck that costs energy and performance in traditional architectures. Founded in Toronto in 2018, Untether AI is funded by Tracker Capital, Intel Capital, CPP Investments, and Radical Ventures. www.untether.ai.

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