Graphcore Closes $30M Series A Funding

Graphcore founders Nigel Toon, CEO, on left, and Simon Knowles, CTO on right
Graphcore founders Nigel Toon, CEO, on left, and Simon Knowles, CTO on right

Graphcore Ltd, a Bristol, UK-based startup developing new technology to deliver massive acceleration for machine learning and AI applications, completed a $30m Series A funding round.

The round was led by Robert Bosch Venture Capital GmbH with Samsung Catalyst Fund with participation from Amadeus Capital Partners, C4 Ventures, Draper Esprit plc, Foundation Capital and Pitango Venture Capital.

The company intends to use the funds to continue to develop its solutions to bring its IPU (Intelligent Processing Unit) system to market in 2017.

Co-founded by Nigel Toon, CEO, and Simon Knowles, CTO, Graphcore develops IPU technology systems designed to accelerate the full range of training, inference, and prediction approaches of both current and next generation embedded consumer applications including autonomous cars, collaborative robots and intelligent mobile devices.

FinSMEs

31/10/2016

 

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