University of Bristol-linked Graphcore is reportedly seeking $200m at a $2bn-plus valuation, in a deal that would bring its total to $660m.
Graphcore, a UK-based artificial intelligence processor producer linked to University of Bristol, is looking to raise $200m at a valuation of more than $2bn, Bloomberg reported on Friday.
The newswire cited people with knowledge of the deal who cautioned the $200m figure could change during negotiations.
Founded in 2016, Graphcore has devised a processor called the intelligence processing unit with on-board memory catered to executing deep learning algorithms.
The company was spun out of Xmos, itself a…
