Untether AI

Toronto-based chipmaker Untether AI is shutting down operations and selling its engineering team to U.S. semiconductor giant AMD. In a statement, Untether VP Bob Beachler confirmed the firm “will no longer be supplying or supporting” its products. Founded in 2017, Untether specialized in chips for running AI models more efficiently.

AMD spokesperson Brandi Martina said the company is acquiring “a talented team of AI hardware and software engineers.” Financial terms were not disclosed. Untether had raised US$168 million from investors including CPP Investments and Intel Capital, but hadn’t closed a major round since 2021.

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Toronto-based Untether AI, known for its innovative AI data processing technology, has partnered with global chip giant Arm to advance autonomous driving technologies. This collaboration will focus on developing cutting-edge driver-assistance systems and self-driving car tech. Untether AI, which has been collaborating with General Motors in Ontario, combines its efficient data processing solutions with Arm’s industry-leading chip design, enhancing AI applications in automotive contexts.

The partnership is poised to accelerate advancements in AI for vehicles, potentially improving safety and energy efficiency. This strategic alliance highlights Untether AI’s growing influence in the tech ecosystem, supported by significant investors including GM’s venture fund and Intel Capital.

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