Machine learning chipmaker Graphcore raises USD 50 mln

News General United Kingdom 13 NOV 2017
Machine learning chipmaker Graphcore raises USD 50 mln

UK-based machine intelligence company Graphcore has announced a USD 50 million Series C funding round by Sequoia Capital. This latest funding will allow Graphcore to accelerate growth to meet expected demand for its machine intelligence processor. 

The funds will be used to boost production, develop a community of developers around the Poplar software platform and expand its Palo Alto, US-based team to help support customers. Graphcore expects to ship its first Intelligence Processing Unit (IPU) products to early-access customers at start-2018. 

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