- Untether AI announced it has raised $7 million USD in funding led by Radical Ventures with participation by Intel Capital
Untether AI announced it has raised $7 million USD in funding led by Radical Ventures with participation by Intel Capital. The company also revealed that it added two senior executives to its management team: Robert Beachler as VP of Product and Alex Grbic, PhD as VP of Software Engineering.
With this round of funding, the company will bring to production its ultra-efficient and high-performance AI chips to enable new frontiers in AI applications. And by combining the power efficiency of at-memory computation with digital processing, Untether AI has developed a new chip architecture for neural net inference that eliminates the data movement bottleneck that costs energy and performance in traditional architectures.
The company also appointed Robert Beachler as the Vice President of Product. Beachler brings invaluable experience in the development and marketing of market-defining products in Field Programmable Gate Arrays (FPGAs), software tools, vision processors and artificial intelligence acceleration chips. And most recently, he was a senior executive in charge of marketing and business development at AI pioneers Analog Inference and Brainchip Inc.
For artificial intelligence acceleration, the software design flow to optimize neural networks for the underlying chip architecture is critical. And to lead this effort, the company has appointed Alex Grbic, PhD as the Vice President of Software Engineering. Grbic most recently was the CTO of Deloitte’s Artificial Intelligence practice in Canada and Deloitte’s Global Alliances organization. And previously he had a storied career at Altera (acquired by Intel) and later at Intel, having led product, applications, and software development teams.
Key Quotes:
“The continued support of our investors signifies the strength of our technology and progress towards production. This funding enables us to go to market this year with our groundbreaking AI chip.”
— Arun Iyengar, President and CEO of Untether AI
“At-memory computation will revolutionize AI inference acceleration. I’m thrilled to bring this product to market.”
— Robert Beachler, Vice President of Product at Untether AI
“Our technology will change how AI inference solutions are developed and optimized for high performance and efficiency. I am excited to join the management team.”
— Alex Grbic, PhD, Vice President of Software Engineering at Untether AI
“Untether is delivering a powerful AI chip capable of supporting the next generation of AI computing. To be able to execute on a design of this complexity is a testament to the strength of the Untether AI team.”
— Tomi Poutanen, co-founder of Radical Ventures and board member of Untether AI
