U.K. Chip Designer Graphcore Gets $30 Million to Fund Expansion
- Venture capital firm Atomico leads investment with AI experts
- Graphcore’s chips specifically targeted for neural networks
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Graphcore, a startup that is designing chips specifically for artificial intelligence applications, has secured $30 million in funding, including from leading industry researchers, to fuel its continued growth, the company said.
Atomico, the London-based venture capital firm founded by billionaire Niklas Zennstrom, a co-founder of Skype, is leading the investment round. Graphcore’s existing investors, Amadeus Capital, Robert Bosch Venture Capital, C4 Ventures, Dell Technologies Capital, Draper Esprit Plc, Foundation Capital, Pitango and Samsung Catalyst Fund are also participating in the new funding.