On July 13, 2020, Untether AI completed its US$7 million series A follow-on financing round led by Radical Ventures. The additional funding brings the company’s total financing to US$27 million. The funding will allow Untether AI to begin the production of its AI hardware chips. Untether’s AI hardware chips host technology that can minimize the distance data travels, eliminating the cost of moving data to processors and reducing energy consumption.
Untether AI is a growth stage artificial intelligence hardware firm specializing in the development of efficient, high performance AI chips that enable new frontiers in AI applications.
Radical Ventures is a Toronto-based early stage venture capital firm with a focus on investing in entrepreneurs that apply deep technology to transform industries.
Osler, Hoskin & Harcourt LLP advised Untether AI with a team consisting of Chad Bayne, Gary Marshall and Jeremy Lin (Emerging and High Growth Companies).