Untether AI

Untether AI in its US$13 million Series A financing

Client

Untether AI Corp.

Value

$13 million

Service

Emerging and High Growth Companies

Date Closed

April 2019

Industry

Venture Capital

Lead Office

Toronto


On April 1, 2019, Untether AI announced a US$13 million Series A funding round led by Intel Capital. The company will use the proceeds to continue to develop its artificial intelligence prototype chip and bring it to market. This chip will power future devices that will be able to interpret the real world environment around them.

Untether AI Corporation, based in Toronto, manufactures neural net based inference processors and chips. The processor enables devices to carry out inference operations, including machine vision and speech recognition capabilities.

Osler, Hoskin & Harcourt LLP represented Untether AI with a team led by Chad Bayne that included Gary Marshall, Arielle Kaplan, Jeremy Lin (Emerging and High Growth Companies), and Salim Dharssi (Technology).


Team
Chad Bayne
Key Contact

Chad Bayne

Partner, Emerging and High Growth Companies

Gary Marshall

Gary Marshall

Emerging and High Growth Companies

Jeremy Lin

Jeremy Lin

Associate, Emerging and High Growth Companies

Salim Dharssi

Salim Dharssi

Technology Lawyer, Technology