Untether AI, a startup developing custom-built chips for AI inferencing workloads, has raised $125 million in Series B from Tracker Capital Management and Intel Capital.

The round, which was oversubscribed and included participation from Canada Pension Plan Investment Board and Radical Ventures, will be used for customer expansion.

Company: Untether AI Corp.

Raised: $125.0M

Round: Series B

Funding Month: July 2021

Lead Investors: Tracker Capital Management and Intel Capital

Additional Investors: Canada Pension Plan Investment Board and Radical Ventures

Company Website: https://untether.ai/

Software Category: runAI200 -AI inferencing chips

About the Company: Untether AI has developed a processor called the runAI200 that is optimized for AI inference. The inference is the term for running AI algorithms in production on live data after they exit the development and training phase. Untether AI is creating a new class of specialized processors targeting an extreme point on the energy-complexity scale. By eliminating as much complexity as possible while still being able to perform the operations necessary to do neural net inference and putting that processing as close as possible to the memory.

Source: https://venturebeat.com/2021/07/20/untether-ai-nabs-125m-for-ai-acceleration-chips/