[ Graphcore raises $30M in Series B ]

Graphcore has raised $30 million in Series B funding.

Founded in 2016, Graphcore  develops an Intelligent Processing Unit that enhances machine learning and AI applications for autonomous cars, robots and IoT devices.

The new funding comes as the company prepares to 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.

Funding  Series B
Founded  2016
Country  UK
City  Bristol, Bristol, City of
Founder / CEO  Nigel Toon
Deal Size  $30M
Investors  Atomico
 Amadeus Capital Partners
 Robert Bosch Venture Capital
 C4 Ventures
 Dell Technologies Capital
 Draper Esprit
 Foundation Capital
 Pitango Venture Capital
 Samsung Catalyst Fund
 Demis Hassabis
 Greg Brockman
 Ilya Sutskever
 Pieter Abbeel
 Scott Gray
 Zoubin Gharamani
Previous Investors  Samsung Strategy and Innovation  Center
 Draper Esprit
 Pitango Venture Capital
 Foundation Capital
 C4 Ventures
 Robert Bosch Venture Capital
 Amadeus Capital Partners