Untether AI Raises Additional $7M in Funding. The company intends to use the funds to bring to production its AI chips to enable new frontiers in AI applications. This brings Untether AI's total funding to … The startup is developing a new AI chip made specifically for neural net interface. Instead, authorities have been drawing on leftover funds and a closely-watched April tax period had passed without causing a liquidity crunch.New restrictions on projects have also curbed fund-raising activities, said Xing Zhaopeng, a senior China strategist at Australia & New Zealand Banking Group Ltd. in Shanghai. Untether AI, a Toronto, Canada-based AI chip maker, closed an additional $7m USD in funding. Crypto markets are in the midst of a substantial selloff that has shaken the conviction of some new investors in the nascent sector. Prior companies included Xilinx, Stretch (acquired by Exar) and Altera (acquired by Intel). AT&T Is Cutting Its Dividend and Spinning Off WarnerMedia. Toronto-based Untether AI, recently announced a $13 million USD Series A funding round led by Intel Capital, to help develop an AI computer chip. Additionally, it has added two senior executives to its management team, Robert Beachler as VP of Product and Alex Grbic, PhD as VP of Software Engineering. Chinese regulators have tightened restrictions that ban financial institutions and payment companies from providing services related to cryptocurrencies, marking a fresh crackdown on digital money. Untether AI has raised a total of $40M in funding over 4 rounds. A special refund from the IRS may be on its way, The IRS backlog of 2019 tax returns keeps shrinking — but now for the bad news, Why AT&T's stock is getting smashed after mega media deal with Discovery, What crypto analysts say investors should do as bitcoin market hit by ‘extreme fear’, ‘Cryptocrash’ trends on Twitter as plunge in bitcoin leads to dark humor and mockery, Crypto Market Loses $460B as Ether, Altcoins Follow Bitcoin’s Deep Dive, What Bank of America’s new $25 minimum wage means for everyone else. Founded in Toronto in 2018, Untether AI is funded by Radical Ventures and Intel Capital. In Asia, India has returned just 0.1% while Taiwan has seen a loss of 0.1%.Traders had been bracing for pressure to build in China’s debt market as local governments geared up to sell as much as 3.65 trillion yuan ($568 billion) of special bonds this year. Ethereum lost more than 40%, while Dogecoin declined 45%, before joining in Bitcoin’s rebound.Read more: Bitcoin Plunge Wipes $500 Billion From Value in Crypto RoutThe broader U.S. stock market also made up some ground with the S&P 500 Index closing down 0.3% and the Nasdaq 100 Index up 0.2% after both lost more than 1.6% earlier in the session.MicroStrategy Inc. was down 6.6% after losing as much as 16% earlier. On Tuesday, the enterprise-software company known for its bullish bets on cryptocurrencies disclosed that it bought another 229 Bitcoin, bringing its total to over 92,000. AI chip startup Untether AI (Toronto, Ontario) has raised $13 million in Series A funding from Intel Capital and other investors. By combining the power efficiency of at-memory computation 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. The additional funding, closed in May, comes from new investor Radical Ventures, the AI-focused venture firm led by Vector Institute and Layer 6 co-founders. “I’m thrilled to bring this product to market.”, For AI acceleration, the software design flow to optimize neural networks for the underlying chip architecture is critical. To lead this effort the company has appointed Alex Grbic, PhD, as the Vice President of Software Engineering. A highly skilled software and semiconductor executive, Mr. Grbic most recently was the CTO of Deloitte’s Artificial Intelligence practice in Canada and Deloitte’s Global Alliances organization. "Our technology will change how AI inference solutions are developed and optimized for high performance and efficiency," said Mr. Grbic. Drawing from the team’s computer architecture research and experience in delivering over 1 billion chips to market, Untether AI is developing a powerful new AI chip that eliminates the data movement bottleneck that costs energy and … Crypto markets shift from buy, buy, bitcoin to bye, bye bitcoin, in a nanosecond --- and market technicians say that the digital asset may have more room to fall in the near-term as a monthslong bullish trend unravels. Here's what some market participants say investors should do. AT&T's stock is the biggest loser in the S&P 500 on Tuesday. (Bloomberg) -- Coinbase Global Inc. closed at a record low after a wild trading session that saw the price of Bitcoin swing by about $10,000.The largest U.S. cryptocurrency exchange fell as much as 13% before paring the loss to close down 5.9% at $224.80 amid a broader rout in cryptocurrencies. 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 … Today Untether AI announced it has closed an additional $7 million USD funding led by Radical Ventures with participation by Intel Capital, both existing investors. "I’m thrilled to bring this product to market. Coinbase reported “intermittent downtime” on its platform, before saying it had identified and fixed the issue while Binance, the world’s biggest cryptocurrency exchange, temporarily disabled Ethereum withdrawals citing network congestion.Bitcoin plunged as much as 31% and approached $30,000 before rebounding to about $40,000 at 4 p.m. New York time. “It’s likely no local government will fully utilize their quota this year.”More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. “Our technology will change how AI inference solutions are developed and optimized for high performance and efficiency,” said Mr. Grbic. The startup is developing a new AI chip made specifically for neural net interface. Another milestone that Untether AI announced was the hiring of technology veteran Arun Iyengar as CEO. Bitcoin Price Plunge ‘Feels Like Capitulation,’ Says Galaxy’s Mike Novogratz. Untether AI claims it is creating chips that will power future devices that will be able to sense and make sense of the real world environment around them. It has now erased about two-thirds of its value from its February high.Amid other crypto-connected stocks, Bit Digital Inc. was down 17%, Ebang International Holdings lost 9.8%, and Marathon Digital Holdings Inc. and Riot Blockchain Inc. both slid 5.6%. A statement from the People’s Bank of China Tuesday reiterating that digital tokens can’t be used as a form of payment added to the selloff. FinSMEs 13/07/2020 Contacts Robert Beachler [email protected] +1 … Founders Darrick Wiebe, Martin Snelgrove, Raymond Chik. Its valuation depends on how much credit investors give the combined WarnerMedia/Discovery for its future streaming efforts. "These are certainly setbacks for the wallets and for the investor base," the crypto investor told CNBC. www.untether.ai, View source version on businesswire.com: https://www.businesswire.com/news/home/20200713005160/en/, Robert Beachlerbeach@untether.ai +1 650 793 8219. 05 Nov 2019. The world of cryptocurrencies has seen better days, and traders took to social media to lament, and mock, the developments. Founded in Toronto in 2018, Untether AI is funded by Radical Ventures and Intel Capital. The competitive wage pressure at the lowest-paying employers may be hitting workers on the next rung up the ladder. Additionally, it … AT&T investors are on the run after the company shocked Wall Street by unloading its WarnerMedia division to Discovery. Legal Name Untether AI Corp. Company Type For Profit. Untether AI is funded by 3 investors. www.untether.ai . Since Untether AI was founded in 2018, it has participated in 3 rounds of funding. If you've been waiting to say, 'I told you so,' to a young crypto investor, you may be waiting a while. Equity Funding. Three financial industry associations on Tuesday directed their members, which include banks and online payment firms, not to offer any crypto-related services, such as account openings, registration, trading, clearing, settlement and insurance, reiterating the 2017 ban. While many analysts thought the explosion in crypto interest this year was not sustainable, the trigger for the shake-out was China's move on Tuesday to ban financial and payment institutions from providing cryptocurrency services. ● Additional $7 million USD funding led by Radical Ventures with participation from Intel Capital, both existing investors, ● Company appoints Robert Beachler, VP of Product and Alex Grbic PhD, VP of Software Engineering. AI chipmaker Untether AI drew $7.0M in Series A funding led by Radical Ventures and joined by Intel Capital. Untether AI is a Canadian group that develops extremely efficient chips that allows more rapid movement of data, opening new doors for AI applications.. Untether AI’s runAI200 chip minimizes the distance that data must travel to process information, thereby creating a far … www.untether.ai. Toronto-based Untether AI, recently announced a $13 million USD Series A funding round led by Intel Capital, to help develop an AI computer chip.. Untether AI Raises $13M in Series A Funding. He holds a PhD in Computer Engineering from the University of Toronto. Though global funds were net sellers of Chinese sovereign debt in March, they increased their holdings again the next month, according to data from ChinaBond.“While most emerging-market debt are sensitive to U.S. rates, China has maintained a fairly independent monetary policy from the Federal Reserve and foreign participation in renminbi bonds remains low,” said Winson Phoon, head of fixed income research at Maybank Kim Eng Securities Ltd. “China also continues to benefit from the tailwind of the opening up of its onshore bond market.”China’s 10-year yield dropped two basis points to 3.12% as at 4:41 p.m. in Beijing on Wednesday. Radical and Intel invested in Untether AI’s US$20 million in Series A funding last year. By combining the power efficiency of at-memory computation 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. With this latest funding round the company will bring to production its world-leading ultra-efficient, high-performance AI chips to enable new frontiers in AI applications. “I am excited to join the management team.”, Untether AI provides ultra-efficient, high-performance AI chips to enable new frontiers in AI applications. All reference to Untether AI trademarks are the property of Untether.AI. He holds a PhD in Computer Engineering from the University of Toronto. AI chip startup Untether AI came out of stealth recently with $13 million in Series A funding from Intel Capital and other investors. Wood made the prediction even as the leading cryptocurrency tumbled on Wednesday. ", "Untether is delivering a powerful AI chip capable of supporting the next generation of AI computing," commented Tomi Poutanen, co-founder of Radical Ventures and board member of Untether AI. Previously he had a storied career at Altera (acquired by Intel) and later at Intel, having led product, applications and software development teams. NEW YORK/LONDON (Reuters) -Cryptocurrencies that seemed to be defying gravity just weeks ago came back down to earth with a bump on Wednesday after a roller-coaster ride which could undermine their potential as mainstream investments. Untether AI Raises $13 Million from Intel Capital and Other Investors to Accelerate AI Innovation. Today Untether AI announced it has closed an additional $7 million USD funding led by Radical Ventures with participation by Intel Capital, both existing investors. Untether AI Announces $20 Million Series A and Appoints Technology Veteran Arun Iyengar as CEO (Nov-2019) Source: www.businesswire.com. Untether AI provides ultra-efficient, high-performance AI chips to enable new frontiers in AI applications. Radical Ventures and Intel Capital are the most recent investors. Untether AI's last funding round was on Jul 2020 for a … ", For AI acceleration, the software design flow to optimize neural networks for the underlying chip architecture is critical. To lead this effort the company has appointed Alex Grbic, PhD, as the Vice President of Software Engineering. Here’s How Much Its Stock Might Be Worth. 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The round was led by Radical Ventures with participation from Intel Capital, both existing investors. By combining the power efficiency of at-memory computation 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. Complex AI technologies are held back by the limitations of traditional chip architecture. Untether AI develops AI chips that are touted as enabling new frontiers in AI applications. "The continued support of our investors signifies the strength of our technology and progress towards production," said Arun Iyengar, President and CEO of Untether AI. Wed, Nov 06, 2019 by Spoke Health Intel. Untether AI, a Toronto, Canada-based AI chip startup came out of stealth with $13m in Series A funding.. www.untether.ai. Most recently he was a senior executive in charge of marketing and business development at AI pioneers Analog Inference and Brainchip Inc. Equity Funding. A highly skilled software and semiconductor executive, Mr. Grbic most recently was the CTO of Deloitte’s Artificial Intelligence practice in Canada and Deloitte’s Global Alliances organization. The $20 million funding round actually wrapped up in May 2019, but it was disclosed recently. Untether AI Industry: Hardware – Total funding: $20 Million Working on the optimization of the energy-complexity balance, it aims at reducing the complexity of processors while maintaining performance for tasks of neural networks inference, and offer a completely scalable compute solution. Even as central banks in Brazil, Turkey and Russia have hiked, tightening fears in China have yet to turn into higher rates.China’s debt market emerged as an alternative haven to Treasuries and other major assets last year, while its loose correlation with the U.S. bonds meant it has largely escaped reflation concerns that have plagued emerging-market peers in 2021. Founded in Toronto in 2018, Untether AI is funded by Radical Ventures and Intel Capital. Untether AI, a Toronto, Canada-based AI chip maker, closed an additional $7m USD in funding. TORONTO, July 13, 2020 - Today Untether AI announced it has closed an additional $7 million USD funding led by Radical Ventures with participation by Intel Capital, both existing investors. “This funding enables us to go to market this year with our groundbreaking AI chip.”, “Untether is delivering a powerful AI chip capable of supporting the next generation of AI computing,” commented Tomi Poutanen, co-founder of Radical Ventures and board member of Untether AI. Untether AI is backed by Intel Capital, Radical Ventures and other investors The company raised an additional $7M to its Series A round on July 13, 2020. Phone Number 647-772-2479. Untether AI Announces $20 Million Series A and Appoints Technology Veteran Arun Iyengar as CEO Press releases Michelle Clancy November 5, 2019 Untether AI Raises $13 Million from Intel Capital and Other Investors to Accelerate AI Innovation The round was led by Radical Ventures and joined by Intel Capital. "To be able to execute on a design of this complexity is a testament to the strength of the Untether AI team. For the year, total bitcoin inflows amounted to $4.3 billion. A number of the company's founders come from mixed-signal IC design service house Kapik Integration Inc. (Toronto, Ontario) and the company was founded in February 2017. (Bloomberg) -- China’s benchmark bond yield is heading for the lowest close since January, another indicator of how the nation’s sovereign debt is outperforming emerging-market peers.The 10-year yield has dropped about 17 basis points since the year’s peak in mid-February, bolstered by ample liquidity conditions amid an unexpected slowdown in municipal debt issuance. It might take 60 days more to process returns left over from last year, according to the IRS commissioner's 'conservative estimate'. A Silicon Valley veteran, Mr. 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. But the move, which appears aimed at bolstering the country's own digital yuan efforts, could backfire, says one analyst. Most recently he was a senior executive in charge of marketing and business development at AI pioneers Analog Inference and Brainchip Inc. “To be able to execute on a design of this complexity is a testament to the strength of the Untether AI team.”, Bolstering its go to market plans, the company has appointed Robert Beachler as the Vice President of Product. Untether AI Raises $13 Million from Intel Capital and Other Investors to Accelerate AI Innovation: TORONTO, April 1, 2019 -- AI chip startup Untether AI (www.untether.ai) came out of stealth today with $13 million in Series A funding from Intel Capital and other investors. Bob Beachler, vice president of product at Untether AI, told BetaKit because this recent funding was raised from existing investors, the raise process took place over a short period of time, and officially closed last week. The price of bitcoin is now down more than 30% so far in May, on track for its worst month since November 2018. “The continued support of our investors signifies the strength of our technology and progress towards production,” said Arun Iyengar, President and CEO of Untether AI. ", Untether AI provides ultra-efficient, high-performance AI chips to enable new frontiers in AI applications. In total Untether AI has raised $27.0M. "I am excited to join the management team. By combining the power efficiency of at-memory computation 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. It has fallen about three basis points from the start of the year, compared with increases of almost 500 basis points for Turkey, and more than 250 basis points for Brazil.On a total return basis, Chinese debt has provided a 3.7% gain to dollar-based investors so far in 2021, second only to South Africa’s 7.5% among major emerging markets. Their latest funding was raised on Jul 13, 2020 from a Series A round. ", Bolstering its go to market plans, the company has appointed Robert Beachler as the Vice President of Product. Untether AI's latest funding round in July 2020 was reported to be $7 m. In total, Untether AI has raised $27 m Source: finsmes.com. Founded in Toronto in 2018, Untether AI is funded by Radical Ventures and Intel Capital. Source: finsmes.com. Contact Email us@untether.ai. All reference to Untether AI trademarks are the property of Untether.AI. Untether AI has built a successful prototype of an ultra-efficient and high-performance chip with a small seed investment. Untether AI has also announced the additions of two senior executives to its management team, Robert Beachler as VP of Product and Alex Grbic, PhD as VP of Software … TORONTO, April 1, 2019 — AI chip startup Untether AI (www.untether.ai) came out of stealth today with $13 million in Series A funding from Intel Capital and other investors. Last Funding Type Series A. www.untether.ai. Applications for refinance loans are rising. Untether AI is creating a new class of specialized processor targeting an extreme point on the energy-complexity scale. (Updates crypto and stock moves throughout. Rates could be doing the same before long. Untether AI, a Toronto-based artificial intelligence chip company, has raised an additional US$7 million in financing. TORONTO, July 13, 2020 - Today Untether AI announced it has closed an additional $7 million USD funding led by Radical Ventures with participation by Intel Capital, both existing investors. Founded in 2018, Untether AI raised $26 million CAD ($20 million USD) for its Series A round in 2019. CPE News (7/13/2020) – Untether AI has raised US $7 million in additional Seris A funding led by Radical Ventures with participation by Intel Capital, bringing total Series A funding to US $27 million. Untether AI Announces New Funding and Additions to Management Team TORONTO--(BUSINESS WIRE)--Today Untether AI announced it has closed an additional $7 million USD funding led by Radical Ventures with participation by Intel Capital, both existing investors. Additionally, it has added two senior executives to its management team, Robert Beachler as VP of Product and Alex Grbic, PhD as VP of Software Engineering. Venture-funding News. The crypto market has lost more than $400 billion in a day. The company says it has developed a new chip architecture that uses at-memory computation for neural net inference that eliminates the data movement bottleneck, saving energy and improving performance. Thus far the company, founded in 2018, has raised $27 million with venture funds from Intel Capital, among others. Additional $7 million USD funding led by Radical Ventures with participation from Intel Capital, both existing investors, Company appoints Robert Beachler, VP of Product and Alex Grbic PhD, VP of Software Engineering. www.untether.ai . July 13, 2020 By FinSMEs. Toronto-based artificial intelligence (AI) hardware startup Untether AI has closed an additional $9.4 million CAD ($7 million USD) in financing as it looks to... November 05, 2019 Untether AI raises $20 million to develop machine learning inferencing hardware With this latest funding round the company will bring to production its world-leading ultra-efficient, high-performance AI chips to enable new frontiers in AI applications. The cryptocurrency has now erased nearly all the gains it made following Tesla Inc.’s Feb. 8 announcement that it would add the asset to its balance sheet. The company intends to use the funds … Untether AI | 896 followers on LinkedIn. "At-memory computation will revolutionize AI inference acceleration," commented Mr. Beachler. Operating Status Active. Previously he had a storied career at Altera (acquired by Intel) and later at Intel, having led product, applications and software development teams. )More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. Bitcoin hit record outflows last week, as investors diversified into cryptocurrency assets with new developments in their specific network such as ethereum, data from digital currency manager CoinShares showed on Monday. Untether AI: Co-Founder, Head of Technical Marketing & Board Member: 000 0000: Martin Snelgrove: Untether AI: Co-Founder, Chief Technology Officer & Board Member: 000 0000: Raymond Chik Ph.D: Untether AI: Co-Founder, Consultant & Board Member: 000 0000: Tomi Poutanen: Self: Board Member: 000 0000 Additionally, it has added two senior executives to its management team, Robert Beachler as VP of Product and Alex Grbic, PhD as VP of Software Engineering. “At-memory computation will revolutionize AI inference acceleration,” commented Mr. Beachler.
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