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
Associate, Emerging and High Growth Companies, Toronto
Partner, Emerging and High Growth Companies, Toronto
Partner, Emerging and High Growth Companies, Montréal
Partner, Corporate, Toronto
Partner, Emerging and High Growth Companies, Toronto
