Golden Recursion Inc. logoGolden Recursion Inc. logo
Advanced Search
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

December 29, 2020
Graphcore raises $222m (£164m) from investors, valuing the company at $2.8bn.

The Bristol-based company's latest round of funding was led by the Ontario Teachers' Pension Plan as well as investors including Fidelity International and Schroders.

December 29, 2020
Graphcore raises a $222,000,000 series E round from Ontario Teachers' Pension Plan, Samsung Catalyst Fund, Schroders, Sequoia Capital and Sofina.
February 26, 2020
Graphcore raises a $150,000,000 series D round from Mayfair Equity Partners.
November 12, 2017
Graphcore raises a $50,000,000 series C round from Amadeus Capital Partners, C4 Ventures, Dell Technologies Capital, Draper Esprit, Foundation Capital, Pitango Venture Capital, Robert Bosch Venture Capital, Samsung Catalyst Fund and Sequoia Capital.
July 2017
Graphcore raises a $30,000,000 series B round from Atomico.
October 31, 2016
Graphcore raises a $30,000,000 series A round from Amadeus Capital Partners, C4 Ventures, Dell Technologies Capital, Draper Esprit, Foundation Capital, Pitango Venture Capital, Robert Bosch Venture Capital and Samsung.
2016
Graphcore was founded by Nigel Toon.

Funding rounds

Patents

Further Resources

Title
Author
Link
Type
Date

Developer

Graphcore Ltd

Web

News

Title
Author
Date
Publisher
Description
Mike Butcher
June 26, 2021
TechCrunch
Bristol proved especially popular among tech investors last year -- local businesses raked in an impressive $414 million in 2020, making it the third-largest U.K. city for tech investment.
Mike Butcher
June 26, 2021
TechCrunch
Bristol proved especially popular among tech investors last year -- local businesses raked in an impressive $414 million in 2020, making it the third-largest U.K. city for tech investment.
Maija Palmer
March 30, 2021
Sifted
But Europe offers great value in other areas of deeptech. This is what the Bosch-backed venture fund has its eye on.
Jasper Jolly
December 29, 2020
the Guardian
Graphcore founders Simon Knowles and Nigel Toon. Photograph: Graphcore
Maija Palmer
December 29, 2020
Sifted
The Bristol-based company needs financial firepower to help win contracts with big customers like Microsoft and Alibaba.
SHOW MORE

References

Golden logo
By using this site, you agree to our Terms & Conditions.