Graphcore Raises $30m in Series B Funding

Graphcore, a Briston, England, UK-based machine intelligence company, raised $30m in Series B funding.

The round was led by Atomico with participation from existing investors Amadeus Capital, Robert Bosch Venture Capital, C4 Ventures, Dell Technologies Capital, Draper Esprit, Foundation Capital, Pitango and Samsung Catalyst Fund and angels Demis Hassabis (DeepMind), Greg Brockman (OpenAI), Ilya Sutskever (OpenAI), Pieter Abbeel (UC Berkeley/OpenAI), Scott Gray (OpenAI) and Zoubin Ghahramani (University of Cambridge, Chief Scientist at Uber). In conjunction with the funding, Siraj Khaliq, the Atomico Partner, will join the Graphcore board of directors.

The company intends to use the funds to accelerate roadmap development and build a community of developers and partners around its Poplarâ„¢ graph framework software.

Led by founders Nigel Toon, CEO, and Simon Knowles, CTO, Graphcore is finalizing Intelligence Processing Unit (IPU) products that let innovators create next generation machine intelligence. The company will ship its first Intelligence Processing Unit (IPU) hardware to customers later this year, with scale-up production for enterprise datacentres and cloud environments in 2018.
Graphcore is also building a community of developers around its Poplarâ„¢ graph-framework software, which provides a seamless interface to multiple machine learning frameworks, including Tensorflow, MxNet, Caffe2 and PyTorch.

FinSMEs

20/07/2017

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