Untether AI & Radical Ventures

Untether AI in its $20 million Series A financing with Radical Ventures

Client

Untether AI & Radical Ventures

Value

$20 million

Service

Emerging and High Growth Companies

Date Closed

Industry

Venture Capital

Lead Office

Toronto


 

On November 5, 2019, AI chip startup Untether AI announced their $20 million Series A financing. Toronto-based Radical Ventures has joined Intel Capital and other investors in this round.

Founded in 2018, Untether AI is developing ultra-efficient, high-performance AI chips to enable new frontiers in AI applications. By combining the power efficiency of near-memory design with the robustness of digital processing, Untether AI has developed a groundbreaking new chip architecture for neural net inference that eliminates the data movement bottleneck that costs energy and performance in traditional architectures.

Radical Ventures is a venture capital firm that invests in entrepreneurs applying deep tech to transform massive industries. Their primary focus is on machine learning and artificial intelligence.

Osler, Hoskin & Harcourt LLP advised Untether AI with a team consisting of Chad Bayne, Gary Marshall, Jeremy Lin (Emerging and High Growth), Lynne Lacousiere (Corporate, Executive Compensation) and Josh Fineblit (Employment & Labour). Osler also advised Radical Ventures with a team consisting of Chima Ubani and Natasha Gould (Corporate).


Team
Chad Bayne

Chad Bayne

Partner, Emerging and High Growth Companies

Gary Marshall

Gary Marshall

Associate, Emerging and High Growth Companies

Jeremy Lin

Jeremy Lin

Associate, Emerging and High Growth Companies

Lynne Lacoursière - Corporate Lawyer

Lynne Lacoursière

Partner, Corporate

Josh Fineblit

Josh Fineblit

Associate, Employment & Labour

Chima  Ubani

Chima Ubani

Partner, Corporate

Natasha L. Gould

Natasha L. Gould

Associate, Corporate