The intelligent chipmaker, which counts Microsoft, Samsung, BMW, Robert Bosch and Dell as investors, secured series E funding at a $2.77bn valuation.

Graphcore, the US-based intelligent processor producer backed by corporate investors Microsoft, Samsung, BMW, Robert Bosch and Dell, raised $222m in series E funding yesterday at a $2.77bn post-money valuation.

The round was led by Ontario Teachers’ Pension Plan Board and also featured funds managed by investment and financial services group Fidelity and asset manager Schroders, in addition to existing backers including Baillie Gifford and Draper Esprit.

Spun off by semiconductor technology producer Xmos in 2016, Graphcore has developed a microprocessor…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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