Graphcore is a semiconductor company that develops accelerators for AI and Machine Learning. It aims to make a massively parallel Intelligent Processing Unit that holds the complete machine learning model inside the processor.
Graphcore has created a new processor, the Intelligence Processing Unit (IPU), specifically designed for artificial intelligence. The IPU’s unique architecture means developers can run current machine learning models orders of magnitude faster.
Graphcore was founded in 2016 by Simon Knowles and Nigel Toon. The company is headquartered in Bristol, United Kingdom, with an office in Palo Alto, California.
Graphocore's IPU systems are designed to lower the cost of accelerating AI applications in cloud and enterprise datacenters to increase the performance of both training and inference by up to 100x compared to the fastest systems today.
Graphocore is backed by Amadeus Capital Partners, BMW i Ventures, Atomico, Baillie Gifford, Mayfair Equity Partners, M&G Investments, Microsoft, Sequoia Capital, Dell Technologies Capital, Ontario Teachers' Pension Plan Board and others. The company raised $222M in Series E round on Dec 29, 2020. This brings Graphocore's total funding to $684M to date. The latest round pushed Graphocore's valuation to $2.77B, up from its previous $1.95B gained in Feb 2020.