Untether AI raises $20M; gets a new CEO


Toronto-based AI chip startup Untether AI has raised $20 million Series A funding. Investors in the round include Radical Ventures and Intel Capital. Radical Ventures partner Tomi Poutanen is joining Untether AI as a board member.

In another development, Untether AI has appointed former Altera, AMD and Xilinx executive Arun Iyengar as CEO. Mr. Iyengar has a BE in Engineering from Bangalore University, and a MBA in Business from Carnegie Mellon University.

[Image courtesy: Untether AI]