Untether AI
How Untether AI stacks up in AI Infrastructure — funding data, key investors, and more.
Awaira Score
Out of 100
HQ
Canada
Founded
2018
Raised
$160M
Stage
Series C
Team
100-500
About Untether AI
Untether AI designs AI inference accelerator chips using a compute-near-memory architecture that places processing elements directly adjacent to memory storage rather than in a separate compute chip, dramatically reducing the data movement bottleneck that limits inference throughput and energy efficiency in conventional von Neumann architectures. The Toronto company develops both the chip…
Key Facts
- Untether AI has raised a total of $160M in disclosed funding across 1 funding rounds.
- Untether AI was founded in 2018 by Martin Snelgrove and is headquartered in Canada.
- Untether AI employs approximately 100-500 people.
- Untether AI operates in the AI Infrastructure category and is currently at the Series C stage.
- Untether AI has an Awaira Score of 68/100, ranking it among the tracked AI companies on Awaira.
- Untether AI's most recent funding round was a Series C of $125M closed in January 2024, led by Intel Capital.
Source: Awaira · Updated Mar 24, 2026
Valuation
N/A
Post-money
Total Raised
$160M
All rounds
Awaira Score
68/100
Founded
2018
100-500 employees
Strengths & Risks
Strengths
Strong Awaira Score of 68/100
Large team of 100-500+ employees
Late-stage with proven business model
Considerations
Valuation not publicly disclosed
Analysis based on publicly available data. Not investment advice.
Awaira estimate based on public data. Not financial advice.
How does Untether AI stack up against competitors?
Competitor Comparison
| Metric | ★Untether AI | CoreWeave | Graphcore | Nebius |
|---|---|---|---|---|
| Awaira Score | 68/100 | 95/100 | 85/100 | 84/100 |
| Total Raised | $160M | $2.38B | $767M | $2B |
| Valuation | N/A | $49B | $600M | $25B |
| Stage | Series C | Public | Acquired | Private |
| Founded | 2018 | 2017 | 2016 | 2023 |
| Employees | 100-500 | 1800 | 500-1000 | 1,000 |
| Country | 🇨🇦 | 🇺🇸 | 🇬🇧 | 🇳🇱 |
Investors in Untether AI
Funding Rounds
InactiveLed by Intel Capital
$125M
Jan 2024
Untether AI Latest News
Open Positions at Untether AI
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See how Untether AI stacks up against competitors in valuation, funding, team size, and Awaira Score.