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UK chipmaker Graphcore valued at $2.8bn after it raises $222m

UK chipmaker Graphcore valued at $2.8bn after it raises $222m

British firm challenges rivals including Nvidia with chips used in artificial intelligence Graphcore founders Simon Knowles and Nigel Toon. Photograph: Graphcore Graphcore, the UK maker of chips designed for use in artificial intelligence, has raised $222m (£164m) from investors, valuing the company at $2.8bn. The Bristol-based company’s latest round of funding was led by the Ontario Teachers’ Pension Plan as well as investors including...

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Baillie Gifford Draper Esprit Graphcore Nigel Toon Simon Knowles UK