Based out of Bristol, UK, Graphcore is a semiconductor company that develops accelerators for artificial intelligence and machine learning. The company has announced that it has raised $222M (approx €181M) in its Series E round of funding. With this round, Graphcore is now valued at $2.77B (approx €2.25B).
The raised capital will help the company to support its continued global expansion and further accelerate future IPU (Intelligence Processing Units) silicon, systems and software development.