About Untether AI
Untether AI is a company based in Toronto (Canada) founded in 2018 by Raymond Chik, Martin Snelgrove, and Darrick Wiebe was acquired by AMD in June 2025.. Untether AI has raised $152 million across 4 funding rounds from investors including AMD, CPP Investments and Radical Ventures. The company has 90 employees as of December 31, 2024. Untether AI offers products and services including tsunAImi® accelerator card, imAIgine® SDK, speedAI®240, and runAI®200. Untether AI operates in a competitive market with competitors including Flex Logix, Preferred Infrastructure, Cerebras, Axelera AI and Celestial AI, among others.
- Headquarter Toronto, Canada
- Employees 90 as on 31 Dec, 2024
- Founders Raymond Chik, Martin Snelgrove, Darrick Wiebe
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Sectors
Technology
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Email
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Website
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Products & Services of Untether AI
Untether AI offers a comprehensive portfolio of products and services, including tsunAImi® accelerator card, imAIgine® SDK, speedAI®240, and runAI®200. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Delivers high-performance AI inference for demanding tasks.
Facilitates model import and deployment for AI inference.
Offers fast, energy-efficient AI acceleration for applications.
Supports AI inference with push-button model integration.
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Funding Insights of Untether AI
Untether AI has successfully raised a total of $152M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $125 million completed in July 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $125.0M
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First Round
First Round
(01 Apr 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Series B - Untether AI | Valuation | Tracker Capital Management , Intel Capital | |
| Jul, 2020 | Amount | Series A - Untether AI | Valuation | Radical Ventures | |
| Nov, 2019 | Amount | Series A - Untether AI | Valuation | Radical Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Untether AI
Untether AI has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include AMD, CPP Investments and Radical Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on AI-driven companies
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Tracker Capital is engaged in venture capital investments in emerging technologies.
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Investment in technology startups focusing on compute, AI, and related innovations.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Untether AI
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Financial Statements - Untether AI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Untether Ai Comparisons
Competitors of Untether AI
Untether AI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flex Logix, Preferred Infrastructure, Cerebras, Axelera AI and Celestial AI, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of a reconfigurable computing company that provides embedded FPGA (eFPGA) IP, architecture, and software to enable flexible and efficient computing solutions for a wide range of industries
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Machine learning, deep learning, and high-performance computing solutions are developed.
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Custom AI models are trained on a specialized computing platform.
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Provider of hardware and software-based platforms for accelerating AI inference at the edge
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Provider of AI-powered optical processing units
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Untether Ai
Frequently Asked Questions about Untether AI
When was Untether AI founded?
Untether AI was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Untether AI located?
Untether AI is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Untether AI?
Chris Walker is the current CEO of Untether AI.
Is Untether AI a funded company?
Untether AI is a funded company, having raised a total of $152M across 4 funding rounds to date. The company's 1st funding round was a Series A of $7M, raised on Apr 01, 2019.
How many employees does Untether AI have?
As of Dec 31, 2024, the latest employee count at Untether AI is 90.
What does Untether AI do?
Untether AI was founded in 2018 in Toronto, Canada. Solutions in at-memory computing are developed for AI inference acceleration within the semiconductor sector. A neural net processor is offered to enable operations like machine vision and speech recognition in power-limited devices, including AR headsets and wearables. Near-memory architecture is integrated with digital processing to shorten the gap between memory storage and computational tasks.
Who are the top competitors of Untether AI?
Untether AI's top competitors include Preferred Infrastructure, Celestial AI and Axelera AI.
What products or services does Untether AI offer?
Untether AI offers tsunAImi® accelerator card, imAIgine® SDK, speedAI®240, and runAI®200.
Who are Untether AI's investors?
Untether AI has 5 investors. Key investors include AMD, CPP Investments, Radical Ventures, Tracker Capital, and Intel Capital.
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