Graphcore reportedly closing on another $200 million

November 09, 2020 //By Peter Clarke
Graphcore reportedly closing on another $200 million
AI processor company Graphcore Ltd. (Bristol, England) is reported to be close to raising a further $200 million taking its valuation above $2 billion. This is according to Bloomberg which referenced two unnamed sources.

Graphcore's products are designed for at-scale machine learning in data centers. Founded in 2016, the company raised $150 million in February 2020, taking the amount raised to more than $450 million at a valuation of about $1.95 billion (see Graphcore nears 'double-unicorn' status with extra funding ).

The company announced its second-generation 'Colossus' intelligent processor unit (IPU), the GC200, in July 2020 (see Graphcore launches 7nm AI processor ). That chip is implemented in TSMC's 7nm manufacturing process is a 59 billion transistor, 823 square millimeter IC with 1,472 computational cores and 900 Mbyte of local memories. Graphcore's first generation IPU was implemented in TSMC's 16nm FinFET process.

While it may be a relatively easy design process to scale such a design to make use of a more advanced manufacturing process it is expensive, with leading-edge mask sets coming in at $100 million or more. Graphcore's additional funding therefore may be earmarked for a 5nm or 3nm iteration of its IPU architecture.

Related links and articles:

www.graphcore.ai

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