Graphcore, which traces its origins back to University of Bristol, has added $150m to a round that already included Ahren Innovation Capital.
UK-based machine intelligence technology developer Graphcore raised $150m today to lift a series D round already backed by Ahren Innovation Capital, a patient capital fund backed by University of Cambridge researchers, to $350m.
The capital was supplied by investment management firms Baillie Gifford, M&G Investments and Merian Chrysalis, private equity firm Mayfair Equity Partners and unnamed existing backers, increasing the company’s valuation from $1.7bn to $1.95bn in the process.
Founded in 2016, Graphcore has developed a processor called…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
