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).