£19.2m funding for Graphcore
Graphcore has secured £19.2 million in a Series D funding round from Merian Chrysalis Investment Co.
The artificial intelligence processor firm based in Bristol has now raised more than $300m capital.
“We believe the machine intelligence market will show substantial growth in the coming years and that Graphcore is well positioned to generate material revenues,” said Merian Chrysalis co-fund manager Nick Williamson.
“The business has had meaningful, global engagement with its technology and we look forward to working with the Graphcore team to deliver on this opportunity.”