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Autonomous driving technology startup Pony.ai announced a $100 million extension to its last funding round today, bringing its total amount raised to more than $1 billion.
The company is now valued at $5.3 billion, up from $3 billion in February 2020.
The Ontario Teachers’ Pension Plan board’s Teachers’ Innovation Platform led the extension to Pony’s Series C round, with participation from Fidelity China Special Situations PLC, 5Y Capital, ClearVue Partners, Eight Roads, and others. Previous investors in the company include the Brunei Investment Agency, the sovereign wealth fund of Brunei, Toyota Motor Corp., Kunlun Wanwei, Sequoia Capital China, IDG Capital, and Legend Capital.
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Tanium, the provider of endpoint management and security built for the world’s most demanding IT environments, today announced that it has completed the sale of $150 million in common stock to the Ontario Teachers’ Pension Plan Board (Ontario Teachers’) through its Teachers’ Innovation Platform (TIP). TIP focuses on late-stage venture and growth equity investments in companies that deliver disruptive technology.
The connected device ecosystem is at a pivot point. Endpoints are proliferating at a staggering rate, growing to an estimated 100 billion by 2025. Companies of all sizes face complex IT landscapes wrought with shadow IT and information silos. All the while, cybersecurity attacks have increased in frequency and sophistication. As the recent news cycle shows, even the largest organizations and agencies remain vulnerable. But it is the middle market, faced with the additional challenges of str
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.
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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.