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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.  ....

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