8 years ago

Graphcore Raises $50 Million to Accelerate AI Processor Development

  • Graphcore, a Bristol-based AI startup, has secured $50 million in Series C funding led by Sequoia Capital

  • The company is developing Intelligence Processing Units (IPUs) designed to accelerate machine intelligence workloads, offering significant performance improvements over traditional hardware

  • The funding will be used to scale production, build a developer community, expand product development, and support US customers

  • Graphcore's IPUs have demonstrated performance improvements of 10x to 100x compared to current hardware, enabling faster model training and inference with less power consumption

  • The company's unique architecture also allows researchers to explore new types of work, driving advancements in general machine intelligence.

      • ProblemTechnology

      "Enabling researchers to undertake entirely new types of work in machine intelligence"

      Solution

      "Graphcore's IPU technology, which improves performance of machine intelligence training and inference workloads by 10x to 100x compared with current hardware"

      Covered on