AI Enterprise Graphcore Completes Series C Financing | The proceeds will be used to expand IPU production

Artificial intelligence startups are the red-hot chicken in the technology industry and are highly favored by investors. Graphcore, a British company, recently completed C round of financing with a total amount of 50 million U.S. dollars and a total of 110 million U.S. dollars in the past 18 months. According to EE Times Reported that Graphcore raised funds to fund venture capital firm Sequoia Capital, which will be used to expand the company's first chip product. Other Graphcore investors include Catalyst Fund, a unit of Samsung Electronics, Robert Bosch Investment capital, Dell Technologies Capital, etc. Graphcore said the new financing will not only expand chip production, but also apply to the developer community that builds on its Poplar software platform, extends product planning, and invests in California Palo Alto US customer support team, etc. Graphcore specializes in machine learning technology and claims its chip is an intelligence processing unit (IPU) that is scheduled to ship to specific customers by early 2018. Graphcore Execution Nigel Toon said long, high-efficiency AI processing power has become the most popular AI field It is believed that Graphcore's IPU technology will be the standard machine intelligence in the world According to the latest issue of EE Times Silicon 60, Graphcore's technology is called the new deep neural networks (DNN) processing architecture Other top players in startups include Wave Computing, Cerebras and Groq. Toon believes that unlike other accelerators, the performance of Graphcore processors will bring disruptive changes. Graphcore shared in October The results show that the company's IPU machine learning training and inference workload performance (workload) is about 10 to 100 times the current hardware.

2016 GoodChinaBrand | ICP: 12011751 | China Exports