Cybersecurity giant Tanium scores $150 million, following HQ move to Seattle area
January 28, 2021 at 7:46 am
Tanium CEO Orion Hindawi recently moved the company’s headquarters to Kirkland. (Tanium Photo)
Tanium may not be a household name, at least not yet. But the fast-growing cybersecurity company, which moved its headquarters from the San Francisco Bay Area to Kirkland, Wash. last year, is well on its way. And now it has a fresh round of capital to help fuel the next phase of growth.
Tanium announced Thursday that it sold $150 million in common stock to the Ontario Teachers’ Pension Plan, Canada’s largest pension plan and an active investor in late-stage technology companies.
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.
AI chipmaker Graphcore raises $222M at a $2.77B valuation and puts an IPO in its sights
Applications based on artificial intelligence whether they are systems running autonomous services, platforms being used in drug development or to predict the spread of a virus, traffic management for 5G networks or something else altogether require an unprecedented amount of computing power to run. And today, one of the big names in the world of designing and building processors fit for the task has closed a major round of funding as it takes its business to the next level.
Graphcore, the Bristol, U.K.-based AI chipmaker, has raised $222 million, a Series E that CEO and co-founder Nigel Toon said in an interview will be used for a couple of key purposes.
Semiconductor maker Graphcore has announced it has raised another $222million (£164million) from investors in a funding round that values the company at nearly $2.8billion.
It is the largest amount of money the group has received in a fundraising round, surpassing the $200million it raised in December 2018 from investors such as Microsoft, BMW and early Apple investor Sequoia Capital.
The Bristol-based unicorn firm, which designs chips for use in artificial intelligence, has now raised over $710million since it was set up four years ago by Simon Knowles and Nigel Toon.
Graphcore manufactures intelligence processing units for use in artificial intelligence
In its latest round, funding was led by the Ontario Teachers Pensions Plan Board and included Fidelity International and Schroders along with existing Graphcore investors like Tesla backer Baillie Gifford and venture capital group Draper Esprit.
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AI chipmaker Graphcore just raised $222 million in a series E funding round backed by the likes of Fidelity and Schroders.
The raise catapults the firm s valuation to almost $3 billion – underlining its position as one of the crown jewels in the UK s burgeoning tech ecosystem.
The calibre of investors says something very powerful about what the markets think of Graphcore, in the words of CEO and cofounder Nigel Toon.
The firm is among a slew of British startups – as well as Darktrace and Deliveroo – thought to be mulling IPOs in the new year.