7 years ago

Graphcore Raises €175 Million in Series D Funding, Reaches Unicorn Status

  • Graphcore, a UK-based AI processor and software company, has raised €175 million in a Series D funding round, bringing its valuation to €1.5 billion

  • The round was led by Atomico, BMW i Ventures, Merian Chrysalis Investment Company Limited, Microsoft, Sequoia, and Sofina

  • Graphcore's IPU is designed specifically for machine intelligence training and inference, delivering a significant speed increase compared to other hardware

  • The funding will be used to execute on the company's product roadmap, accelerate scaling, and expand its global footprint.

      • ProblemTechnology

      "Traditional processors are not designed for the demands of machine intelligence, leading to slow training and inference times."

      Solution

      "Graphcore has developed a new type of processor, the Intelligence Processor Unit (IPU), specifically designed for machine intelligence training and inference, offering a 10x to 100x speed increase compared to other hardware."

      Covered on