Tech Company Financing Transactions
Untether AI Funding Round
Untether AI closed a $7 million venture capital round on 7/14/2020. Backers included Radical Ventures and Intel Capital.
Transaction Overview
Company Name
Announced On
7/14/2020
Transaction Type
Venture Equity
Amount
$7,000,000
Round
Undisclosed
Investors
Radical Ventures (Lead Investor)
Intel Capital (David Flanagan)
Proceeds Purpose
The company intends to use the funds to bring to production its AI chips to enable new frontiers in AI applications.
Company Information
Company Status
Private & Independent
Industry
Semiconductors
Mailing Address
134 Peter St.
Toronto ON, M5V 2H2
Canada
Toronto ON, M5V 2H2
Canada
Phone
Website
Email Address
Overview
Untether AI is creating a new class of specialized processor targeting an extreme point on the energy-complexity scale. By eliminating as much complexity as possible while still being able to perform the operations necessary to do neural net inference and putting that processing as close as possible to the memory, we can get close to theoretical minimum power numbers for the given process.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Arun Iyengar
Chief Technical Officer
Martin Snelgrove
Chief Technical Officer
Darrick Wiebe
VP - Engineering
Alex Grbic
VP - Engineering
Pasquale Leone
VP - Product Management
Robert Beachler
Browse more venture capital transactions:
Prev: 7/14/2020: Robinhood venture capital transaction
Next: 7/14/2020: Verikai venture capital transaction
Share this article
Where The Data Comes From
Our team works diligently to document all VC transactions involving tech companies. VC investment data records reported here come from a variety of public sources. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs