31 Oct '16, 6pm

Samsung, Bosch Bet on AI Chip Startup - EE Times

Graphcore Ltd. (Bristol, England), a startup developing a processor for machine learning, has completed a $30 million Series-A round of funding led by Robert Bosch Ventures and Samsung Catalyst Fund. The unusually large Series A has been put together by a notable team of investor that also included Amadeus Capital Partners, C4 Ventures, Draper Esprit plc, Foundation Capital and Pitango Venture Capital. Other technology companies besides Samsung were involved in the funding Graphcore said, without revealing names. Nigel Toon, co-founder and CEO, said the money will allow Graphcore to "execute at scale" and that the investors being contacts and market insights that will help Graphcore understand and solve real-world challenges. Graphcore has been able to hit the ground running because it was incubated for two years within XMOS Ltd. while Toon was CEO there. The two years wer...

Full article: http://www.eetimes.com/document.asp?doc_id=1330710

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