14 Nov '17, 7am

AI Chip Startup Graphcore Lands $50 Million in Funding

SAN FRANCISCO — Graphcore, a developer of processors for machine learning and artificial intelligence, secured $50 million in additional funding, bringing the total raised by the UK-based startup to about $110 million over the past 18 months. Graphcore's series C funding, provided by venture firm Sequoia Capital, will be used to scale up production of the startup's first chip, which it calls an Intelligence Processing Unit (IPU). Graphcore plans to make the IPU available to early access customers at the beginning of next year. In addition to scaling up production, the new funding will be used to help build a community of developers around Graphcore's Poplar software platform, driving the company's extended product roadmap and investing in its Palo Alto, Calif.-based U.S. team to help support customers, Graphcore (Bristol, U.K.) said. "Efficient AI processing power is rapid...

Full article: https://www.eetimes.com/document.asp?doc_id=1332596

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