Untether AI lands $13 mln in Intel Capital-led Series A round

Toronto-based artificial intelligence (AI) chip startup Untether AI has emerged from stealth, raising $13 million in a Series A financing. The round was led by Intel Capital, the venture capital arm of U.S. chip maker Intel Corp. It was joined by other investors, none of which were identified. Founded in 2018 by CEO Martin Snelgrove, CTO Darrick Wiebe and Raymond Chik, Untether AI has developed new chip architecture for neural net inference that eliminates data movement bottlenecks that cost energy and performance. Untether said its Kensington architecture, which moves data 1,000 times faster than traditional architectures, will "enable new frontiers in AI applications."

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