- Graphcore, a Bristol, UK-based AI Chipmaker, raised $222m in Series E funding
- The round, which brings total funds raised to date to more than $710m, led by Ontario Teachers Pensions Plan Board
- Also participating in this round are existing Graphcore investors, including Baillie Gifford and Draper Esprit
- The company, which isnow valued at $2.77 billion, post-money, intends to use the funds for continued global expansion and future IPU silicon
- Graphcore invented an Intelligence Processing Unit (IPU) to allow innovators to create next-generation machine intelligence
- In 2020, the company launched its Mk2 IPU processor, the GC200 and datacentre compute systems, the IPU-M2000, and IPU-POD64 for scale-out
