Bristol AI chip designer baggage $50m from Valley VC

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AI chip startup Graphcore has introduced right this moment a $50m cope with enterprise capital agency Sequoia Capital.

That is along with the $60m the Bristol-based firm raised over the 18 months in earlier funding rounds, from backers together with Dell and Samsung.

Sequoia has beforehand put cash into some quietly profitable corporations you may need heard of, corresponding to Apple, Google, YouTube and PayPal, in addition to one other chip maker, GPU-builder Nvidia.

Graphcore CEO Nigel Toon mentioned in a press release on the corporate web site that Sequoia had “reached out” to it after their networked corporations identified Graphcore as they investigated AI corporations.

“Having the chance to accomplice with Sequoia Capital on this mission is superior,” Toon enthused. ®

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