Nvidia Rival Graphcore Makes Big North American Partner Push: Exclusive
The AI chip startup is taking aim at Nvidia’s data center GPU business with its IPUs and purpose-built AI systems, so it’s recruiting solution provider powerhouse Trace3 and other channel partners to ramp up sales in North America. ‘We’re growing both the company and the partner network at a really rapid pace, and that’s due to the fact that the market is absolutely hungry for options that are different than GPUs,’ says Graphcore’s channel chief. By Dylan Martin May 05, 2021, 09:00 AM EDT
AI chip startup Graphcore is making a big North American channel push this year with new and existing partners to ramp up competition against Nvidia’s data center GPU business.
AI Chipmaker Graphcore Raises $222M in Series E Funding Round, May Go for IPO
Dec 29 2020 · 12:25 UTC by Daria Rud · 3 min read
Photo: Depositphotos
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With the money from Series E Round, the total funds raised by Graphcore total over $710 million. The company is expecting to have over $440 million of cash on hand post-closing to support future growth.
Graphcore, a UK-based semiconductor company that develops accelerators for AI and machine learning, has announced it raised as much as $222 million in a Series E funding round. The company called this funding a “pre-IPO” round as there are rumors that it may go public soon. Graphcore will use the money to expand globally and further accelerate future IPU silicon, systems, and software development.