{"id":521121,"date":"2020-02-26T11:27:48","date_gmt":"2020-02-26T11:27:48","guid":{"rendered":"https:\/\/www.maddyness.com\/uk\/?p=521121"},"modified":"2020-03-04T14:23:52","modified_gmt":"2020-03-04T14:23:52","slug":"ai-chipmaker-graphcore-raises-a-114m-series-d-fund","status":"publish","type":"post","link":"https:\/\/www.maddyness.com\/uk\/2020\/02\/26\/ai-chipmaker-graphcore-raises-a-114m-series-d-fund\/","title":{"rendered":"AI chipmaker Graphcore raises \u00a3114M Series D"},"content":{"rendered":"

An extension of the Bristol firm\u2019s\u00a0$200m Series D round, which closed in December 2018<\/a>, this new round brings the total investment in Graphcore to over $450m at a valuation of $1.95bn.<\/p>\n

The investment comes from Baillie Gifford, Mayfair Equity Partners and M&G Investments alongside existing investors such as Merian Chrysalis.<\/p>\n

The capital will be used to support the company\u2019s continuing research and development investment and its global expansion.<\/p>\n

Graphcore\u2019s CEO Nigel Toon said demand for the firm\u2019s Intelligence Processor Unit (IPU) products was increasing and its outlook for 2020 was \u201cextremely positive\u201d.<\/p>\n

\u201cThe major investments that we have made during 2018 and 2019 will help us to meet this strong demand by extending the capabilities of our technology and ecosystem, and will support long-term revenue growth and returns for our investors,\u201d he said.<\/p>\n

Toon called 2019 a transformative year for the firm as it moved from development to a full commercial business.<\/p>\n

The firm opened a sales and support centre in Beijing, engineering centre in Cambridge and an operations facility in Taiwan last year.<\/p>\n

It also launched an SDK for developers to run AI models s, and announced headline customers including Microsoft, Citadel Securities, Carmot Capital and Qwant.<\/p>\n

\u201cDuring 2019 we were able to attract the very best software, silicon and hardware engineers to join our team, which has more than doubled in size,\u201d said Toon.<\/p>\n

\u201cWe have expanded all of our facilities and opened in new geographies as we build a leading technology company delivering IPU products which we believe will be the industry standard for AI compute.\u201d<\/p>\n

The firm has previously attracted investments from leading figures in machine intelligence including Demis Hassabis, co-founder of DeepMind; Zoubin Ghahramani of Cambridge University and chief scientist at Uber, Pieter Abbeel from UC Berkeley, and Greg Brockman, Scott Grey and Ilya Sutskever, from OpenAI.<\/p>\n","protected":false},"excerpt":{"rendered":"

An extension of the Bristol firm\u2019s\u00a0$200m Series D round, which closed in December 2018, this new round brings the total investment in Graphcore to over $450m at a valuation of $1.95bn. The investment comes from Baillie Gifford, Mayfair Equity Partners and M&G Investments alongside existing investors such as Merian Chrysalis. The capital will be used […]<\/p>\n","protected":false},"author":122,"featured_media":521129,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ep_exclude_from_search":false,"footnotes":""},"categories":[34355],"tags":[],"hashtag":[23547],"type-d-article":[23048],"maddybasic_maturity":[],"maddybasic_thematic":[],"partnership":[],"poool":[],"class_list":["post-521121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","hashtag-ai","type-d-article-classique"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/posts\/521121"}],"collection":[{"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/users\/122"}],"replies":[{"embeddable":true,"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/comments?post=521121"}],"version-history":[{"count":12,"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/posts\/521121\/revisions"}],"predecessor-version":[{"id":521659,"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/posts\/521121\/revisions\/521659"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/media\/521129"}],"wp:attachment":[{"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/media?parent=521121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/categories?post=521121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/tags?post=521121"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/hashtag?post=521121"},{"taxonomy":"type-d-article","embeddable":true,"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/type-d-article?post=521121"},{"taxonomy":"maddybasic_maturity","embeddable":true,"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/maddybasic_maturity?post=521121"},{"taxonomy":"maddybasic_thematic","embeddable":true,"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/maddybasic_thematic?post=521121"},{"taxonomy":"partnership","embeddable":true,"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/partnership?post=521121"},{"taxonomy":"poool","embeddable":true,"href":"https:\/\/www.maddyness.com\/uk\/wp-json\/wp\/v2\/poool?post=521121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}