On July 20, 2021, Untether AI announced it had completed its US$125 million all-equity financing round co-led by Tracker Capital and Intel Capital and including participation from CPPIB and previous investors including Radical Ventures. The funding will be used to expand its product and development efforts, double its team, and increase its presence in the markets such as vision systems, banking and financial sector and data centres.
Untether AI is a Toronto-based artificial intelligence hardware firm specializing in the development of efficient, high performance AI chips.
Osler, Hoskin & Harcourt LLP advised Untether AI with a team consisting of Chad Bayne, Gary Marshall, Michael Grantmyre, Jeremy Lin and Theresa Donkor (Emerging and High Growth Companies).