Untether completes $125 million Funding round

Untether AI

Canadian data center AI chip startup Untether has completed a $125-million round of funding led by Tracker Capital Management, and co-led by Intel Capital with participation from Canada Pension Plan Investment Board and Radical Ventures. As part of the funding round, Tracker Capital senior advisor Shaygan Kheradpir will join Untether’s board of directors.

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SambaNova CEO: Pre- to post-AI transition will be ‘bigger than the Internet’

SambaNova systems

Why are SambaNova and its competitors in the data center AI space attracting such huge amounts of funding? Is it required to get the product right, does it take this amount of resources to go up against the incumbents, or does it simply reflect investors’ view of the market opportunity?

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Lightmatter raises more funding for Photonic AI Chip

Lightmattter

Lightmatter, the MIT spinout building AI accelerators with a silicon photonics computing engine, announced a Series B funding round, raising an additional $80 million. The company’s technology is based on proprietary silicon photonics technology which manipulates coherent light inside a chip to perform calculations very quickly while using very little power.

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Mega Investment in AI Chip startups is justified: True or False?

AI Chips

Data center AI chip companies are raising eye-watering amounts of money. In the last week, we’ve seen Groq announce a $300 million Series C round of funding, and SambaNova raise a staggering $676 million Series D. SambaNova is now valued at somewhere above $5 billion. They are not the only ones in this sector raising these huge amounts of money. Fellow data center AI chip companies Graphcore (raised $710 million, valued at $2.77 billion) and Cerebras (raised more than $475 million, valued at $2.4 billion) are hot on their heels as the sector continues to gain momentum.

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