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New Deal


Announced

Tracker Capital and Intel Capital led a $125m funding round in Untether AI.

Financials

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Transaction Value£93m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Private

Semiconductors

Acquisition

Venture Capital

Cross Border

United States

Friendly

Completed

chip developer

Private Equity

Synopsis

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Tracker Capital and Intel Capital, the venture capital firms, led a $125m funding round in Untether AI, a chip developer for companies running AI workloads. Other investors included Canada Pension Plan Investment Board and Radical Ventures. “Tracker Capital’s unmatched experience and relationships across sectors will help speed our engagements in multiple high-value markets, including telecom, technology, financial services, retail, and defense. I am also thrilled to welcome CPP Investments to the Untether AI family. With the new funding round and partnerships, we will be able to expand our current product reach and accelerate the development of our next generation products," Arun Iyengar, Untether AI CEO.

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