0
Wireless

AI chipmaker Graphcore burns through USD 60 million in 2018

Wednesday 19 June 2019 | 11:26 CET | News
UK-based AI chip maker Graphcore has burned through more than USD 60 million in the last year as it looks to bring its AI-powered chips to market, reports The Daily Telegraph. The company raised USD 200 million from investors at end-2018. 

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Graphcore
Countries: United Kingdom / World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

UK AI chipmaker Graphcore raises further USD 200 mln

Published 18 Dec 2018 14:33 CET | World
UK-based AI chip startup Graphcore has raised USD 200 million in a Series D funding round led by existing investor Atomico and ...

Machine learning chipmaker Graphcore raises USD 50 mln

Published 13 Nov 2017 11:21 CET | United Kingdom
UK-based machine intelligence company Graphcore has announced a USD 50 million Series C funding round by Sequoia Capital. This ...

Dell unveils new USD 1 bln IoT division

Published 11 Oct 2017 08:35 CET | World
Dell Technologies has announced a new Internet of Things (IoT) division designed to integrate existing products and tools across ...

Samsung sets up USD 300 mln automotive investment fund

Published 14 Sep 2017 11:13 CET | World
Samsung Electronics is setting up a new fund to invest in the automotive market. The Samsung Automotive Innovation Fund has an ...

Machine learning chipmaker Graphcore raises USD 30 mln

Published 01 Nov 2016 09:31 CET | World
UK-based Graphcore announced that it's raised USD 30 million from investors in a Series A financing round after two years in ...