Dell revealed as Graphcore backer

May 08, 2017 //By Peter Clarke
Dell revealed as Graphcore backer
Nigel Toon, CEO of machine learning processor startup Graphcore Ltd. (Bristol, England), has revealed that computer company Dell was one of the backers in Graphcore's large Series A round of venture capital funding last year.

Graphcore, which grew out of an earlier Bristol startup XMOS Semiconductor, revealed its existence when it announced a $32 million Series A funding round in October 2016. (see Graphcore gets big backing for machine learning ).

At the time an impressive roster of investors was announced including Bosch and Samsung, Amadeus, Foundation, Pitango, Draper Esprit and C4 Ventures. Toon has written on the Graphcore website that Dell Technologies Capital (DTC), the venture capital arm of Dell Inc. was also an investor.

Toon wrote: "DTC is bringing us much more than just capital. They give Graphcore access to the global scale, channel, OEM, product integration and go-to-market relationships that are unique to the Dell Technologies’ family of businesses to bring the capabilities of our Intelligence Processing Unit (IPU) products to even more customers as we scale."

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