# Untether AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/untether-ai

- Industry: Semiconductors
- Headquarters: Toronto, Canada
- Website: www.untether.ai
- Total disclosed funding: $152M
- Latest round: Series B (Jul 20, 2021)
- Investors on record: 4

## About

Founded in 2018 and based in Ontario, Canada, Untether AI Corp. is a technology company that develops artificial intelligence (AI) chips. The firm was founded by Darrick Wiebe, Martin Snelgrove, and Raymond Chik, and has raised total funding of 152 million as of July 2021. Arun Iyengar is the CEO of the company as of August 2021. In July 2021, Untether AI Corp. raised USD 125 million in venture funding co-led by new investor Tracker Capital Management and returning investor Intel Capital, with participation from another returning investor, Radical Ventures.

Untether AI Corp. focuses on providing a device that reacts naturally through spoken words or slight gestures. The company also offers AI-based microchips that help companies execute AI workloads. The company has developed a new chip architecture called neural net inference that solves the data flow bottleneck that causes standard architectures to lose energy and performance. Its products include 2 PetaOps of performance in a single card (the tsunAImi accelerator cards provide 2 POPs of computing power), the AI Compute Engine, and the imAIgine software development kit.

Untether AI Corp. plans to use its funding in July 2021 to accelerate and expand its customer engagement across a multitude of markets, enhance its software offering, and build its products.

## Funding rounds

- Series B, Jul 20, 2021, $125M — Intel Capital, CPP Investment Board, Radical Ventures, Tracker Capital
- Series A, Jul 13, 2020, $6.9M — Intel Capital, Radical Ventures
- Series A, Nov 5, 2019, $7.2M — Intel Capital, Radical Ventures
- Series A, Apr 1, 2019, $13M — Intel Capital

## Investors

- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series A, Series B
- Radical Ventures (https://capitalatlas.ai/funds/radical-ventures) — Series A, Series B
- CPP Investment Board — Series B
- Tracker Capital (https://capitalatlas.ai/funds/tracker-capital) — Series B