A company developing semiconductor accelerators for artificial intelligence and machine learning.
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.
On October 31, 2016 Graphcore announced raising $30 million in series A funding from Samsung Strategy and Innovation Center, Robert Bosch Venture CapitalRobert Bosch Venture Capital, Amadeus Capital Partners, Pitango Venture Capital, Foundation Capital, Draper Esprit, Dell Technologies Capital, and C4 Ventures.
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 CapitalDell Technologies Capital, and C4 Ventures. After announcing their series D funding Graphcore was valued at $1.7 billion.