Tech Company Financing Transactions
Graphcore Funding Round
On 12/30/2020, Graphcore secured $222 million in Series E financing from Ontario Teachers' Pension Plan, Baillie Gifford and Draper Esprit.
Transaction Overview
Company Name
Announced On
12/30/2020
Transaction Type
Venture Equity
Amount
$222,000,000
Round
Series E
Investors
Ontario Teachers' Pension Plan (Lead Investor) (Olivia Steedman)
Proceeds Purpose
First, Graphcore will use the money to continue expanding its technology, based around an architecture it calls IPU (intelligence processing unit), which competes against chips from the likes of Nvidia and Intel also optimized for AI applications. And second, Graphcore will use the funding to shore up its finances ahead of a possible public listing.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
167 Hamilton Ave.
Palo Alto, CA 94301
USA
Palo Alto, CA 94301
USA
Phone
Undisclosed
Website
Email Address
Overview
We're optimistic for a future where people live healthier, more informed, more creative lives. We see a world where technology enhances human potential, and takes us into a new era of intelligence and progress that everyone can benefit from.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Nigel Toon
Chief Financial Officer
Nick Davies
Chief Technical Officer
Simon Knowles
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