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Schroder British Opportunities Trust invests in Graphcore funding round | 29 December 2020

29 December 2020 | 08:56am StockMarketWire.com - Schroder British Opportunities Trust said it had invested into Graphcore, a machine intelligence semiconductor business, as part of a $222 million Series E funding round alongside Ontario Teachers Pension Plan, Fidelity International and existing Graphcore investors. Bristol-based Graphcore was founded in 2016 and had developed the Intelligence Processing Unit, a new type of microprocessor specifically designed from the ground up to meet the needs of current and next-generation artificial intelligence applications. The investment from this funding round will be used to support the company s continued global expansion and to further accelerate future IPU silicon, systems and software development, the company said.

Schroder british opportunitiesFidelity internationalBritish opportunities trustOntario teacher pension planIntelligence processing unitஸ்க்ரோடர் பிரிட்டிஷ் வாய்ப்புகள்நம்பகத்தன்மை சர்வதேசபிரிட்டிஷ் வாய்ப்புகள் நம்பிக்கைஆஂடேரியொ ஆசிரியர் ஓய்வூதியம் திட்டம்உளவுத்துறை ப்ரோஸெஸிஂக் அலகு

AI Chipmaker Graphcore Raises $222M in Series E Funding Round, May Go for IPO

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 You have successfully joined our subscriber list. 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.

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AI chipmaker Graphcore raises $222M at a $2 77B valuation and puts an IPO in its sights – TechCrunch

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.

City ofUnited kingdomBaillie giffordSimon knowlesOlivia steedmanNigel toonFidelity internationalUnited kingdom basedIntelligence processing unitOntario teacher pension planTeacher innovation platformநகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்பெய்லி கிஃபர்ட்சிமோன் நோல்ஸ்ஒலிவியா ஸ்டீட்மந்

Graphcore recauda 222 millones de dólares en una ronda de financiación de serie E

Graphcore recauda 222 millones de dólares en una ronda de financiación de serie E
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