Untether Ai Announces Oversubscribed $125 Million Funding To Deploy High-Performance Ai Inference Acceleration Chips
Jul 20, 2021•almost 4 years ago
Amount Raised
$125 Million
Description
Untether AITM, the leader in at-memory computation and AI inference acceleration, today announced an oversubscribed $125 million funding round led by an affiliate of Tracker Capital Management, LLC (“Tracker Capital”), a stage-agnostic venture capital investor that principally invests in high-potential technology growth companies. Tracker Capital was founded by Stephen A. Feinberg who is also Co-Founder and Co-CEO of Cerberus Capital Management. The round was co-led by Intel Capital, Intel Corporation’s global investment organization, and included participation from new investor Canada Pension Plan Investment Board (“CPP Investments”) and existing investor Radical Ventures.
Funding Insights
Based on industry dataTech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech