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
Transaction Type
Venture Equity
Series E
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
Artificial Intelligence
Mailing Address
167 Hamilton Ave.
Palo Alto, CA 94301
Email Address
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.
Graphcore LinkedIn Company Profile
Social Media
Graphcore Company Twitter Account
Company News
Graphcore News
Graphcore on Facebook
Graphcore on YouTube

Management Team

Email & Social
Chief Executive Officer
Nigel Toon
  Nigel Toon LinkedIn Profile  Nigel Toon Twitter Account  Nigel Toon News  Nigel Toon on Facebook
Chief Financial Officer
Nick Davies
  Nick Davies LinkedIn Profile  Nick Davies Twitter Account  Nick Davies News  Nick Davies on Facebook
Chief Technical Officer
Simon Knowles
  Simon Knowles LinkedIn Profile  Simon Knowles Twitter Account  Simon Knowles News  Simon Knowles on Facebook



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Prev: 12/30/2020: CommonGround venture capital transaction
Next: 1/1/2021: Affera venture capital transaction


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