8 years ago

Graphcore Raises $30 Million to Accelerate Machine Intelligence Chip Development

  • Graphcore, a UK-based machine intelligence chip maker, has secured $30 million in a Series B funding round led by Atomico

  • The funding will be used to accelerate roadmap development, build a developer community around the company's Poplar graph framework software, and establish Graphcore as a leader in the market for machine intelligence processors

  • The round also includes participation from existing investors such as Amadeus Capital, Robert Bosch Venture Capital, C4 Ventures, Dell Technologies Capital, Draper Esprit, Foundation Capital, and the Samsung Catalyst Fund.

      • ProblemTechnology

      "Building new machine intelligence models takes a long time because current processors are slow. This slows down innovation."

      Solution

      "Graphcore has built a new type of processor called an IPU that is much faster than existing processors. This allows developers to build new machine intelligence models much faster, accelerating innovation."

      Covered on