Untether AI announces oversubscribed US$125 million funding

On July 20, 2021, Untether AI announced an oversubscribed US$125 million funding round co-led by an affiliate of Tracker Capital Management, LLC and Intel Capital, Intel Corporation’s global investment organization. The funding round also included participation from new investor Canada Pension Plan Investment Board and existing investor Radical Ventures.

Further information can be found on Business Wire’s website.

Untether AI, a leader in at-memory computation and AI inference acceleration, provides ultra-efficient, high-performance AI chips to enable new frontiers in AI applications. By combining the power efficiency of at-memory computation 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.

Tracker Capital aims to invest in high-potential technologies and companies across various end markets and stages of growth. It was founded by Stephen A. Feinberg who is also Co-Founder and Co-CEO of Cerberus Capital Management , L.P., as a separate and independent investment vehicle focused on early-stage investments.

Intel Capital invests in innovative startups targeting artificial intelligence, autonomous vehicles, datacenter and cloud, 5G, next-generation compute and a wide range of other disruptive technologies.