Graphcore

Graphcore

A company developing semiconductor accelerators for artificial intelligence and machine learning.

Graphcore is a company developing semiconductor accelerators for artificial intelligence and machine learning that is headquartered in Bristol, United Kingdom and was founded in 2016 by Nigel Toon and Simon Knowles.

Graphcore makes three products which include an intelligence processing unit (IPU) server for cloud computing and machine intelligence called C2, The intelligence processing unit (IPU) made specifically for training machine intelligence models and inference, and a software stack called Poplar for running their semiconductor products efficiently. The companies semiconductors are designed to be used for enhancing machine intelligence for applications in the following industries finance, life science, healthcare, and telecommunications.

Funding

Series A

On October 31, 2016 Graphcore announced raising $30 million in series A funding from Samsung Strategy and Innovation Center, Robert Bosch Venture Capital, Amadeus Capital Partners, Pitango Venture Capital, Foundation Capital, Draper Esprit, Dell Technologies Capital, and C4 Ventures.

Series B

On July 20, 2017 Graphcore announced raising $30 million in funding from Atomico (lead investor), Robert Bosch Venture Capital, Pitango Venture Capital, Foundation Capital, Draper Esprit, Zoubin Gharamani, Scott Gray, Pieter Abbeel, Ilya Sutskever, Grag Brockman, and Demis Hassabis. The company plans on using their series B funding to help launch their first intelligence processing unit (IPU) hardware, and increasing their enterprise data centers and cloud environments.

Series C

On November 12, 2017 Graphcore announced raising $50 million in series C funding from Sequoia Capital (lead investor), Samsung Catalyst Fund, Robert Bosch Venture Capital, Pitango Venture Capital, Draper Esprit, Dell Technologies Capital, C4 Ventures, and Amadeus Capital Partners.

Series D

On December 18, 2018 Graphcore announced raising $200 million in series D funding from Microsoft (lead investor), BMWi Ventures (lead investor), Sofina, Robert Bosch Venture Capital, Pitango Venture Capital, Foundation Capital, Draper Esprit, Dell Technologies Capital, and C4 Ventures. After announcing their series D funding Graphcore was valued at $1.7 billion.

Timeline

July 2017

Graphcore raises a $30,000,000 series B round from Atomico.

Funding rounds

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People

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Role
LinkedIn

Nigel Toon

Co-Founder, CEO

Simon Knowles

Co-Founder, CTO

Further reading

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Documentaries, videos and podcasts

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News

Title
Author
Date
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Description
Ingrid Lunden
April 8, 2020
TechCrunch
The UK government, like a number of other countries around the world such as the US, has stepped up its pace in providing relief in the form of loans for businesses being impacted by the coronavirus health crisis and the related shutdown that we've seen across the economy and life as we knew it. But [...]
Romain Dillet
August 24, 2019
TechCrunch
It's easy to forget that Silicon Valley starts with 'silicon', and that there would be no technology innovation without innovation at the silicon level. And Graphcore is well aware of that as the Bristol-based company is designing its own dedicated AI chipset. That's why I'm glad to announce that Graphcore co-founder and CEO Nigel Toon [...]
Romain Dillet
August 24, 2019
TechCrunch
It's easy to forget that Silicon Valley starts with 'silicon', and that there would be no technology innovation without innovation at the silicon level. And Graphcore is well aware of that as the Bristol-based company is designing its own dedicated AI chipset. That's why I'm glad to announce that Graphcore co-founder and CEO Nigel Toon [...]

References

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