British Ai Startup Graphcore Raises $200 I Yard 1000 From Bmw, Microsoft

Way dorsum inwards 2016 nosotros posted "Artificial Intelligence: What Could Derail NVIDIA? Influenza A virus subtype H5N1 Lab inwards Shenzhen; Influenza A virus subtype H5N1 Basement inwards Moscow; An Office inwards Bristol (NVDA)":

Bristol?
From HPCwire:

Nov 1, 2016

Graphcore emerged from stealth manner today alongside intelligence of a $30 meg Series Influenza A virus subtype H5N1 circular to assist finance ongoing evolution of its machine learning (ML) as well as deep learning acceleration solutions, including a PCIe carte du jour that plugs remove into a server’s bus....

And hither nosotros are. From Bloomberg via Yahoo Finance:

Influenza A virus subtype H5N1 United Kingdom of Great Britain as well as Northern Ireland of Britain as well as Northern Republic of Ireland startup that designs semiconductors used for artificial intelligence applications has raised $200 meg from investors including BMW AG as well as Microsoft Corp.

Graphcore Ltd. is i of a position out of companies trying to blueprint a novel degree of chips that volition live on ameliorate at crunching the vast amount of information needed to brand computers smarter. They debate that the processors that convey defined the PC historic catamenia -- made past times Intel Corp. as well as Nvidia Corp. -- are non suited for this task, as well as to a greater extent than tailored solutions are needed to accomplish the sort of speed upwards required.

The funding circular was led past times United Kingdom of Great Britain as well as Northern Ireland of Britain as well as Northern Republic of Ireland venture upper-case alphabetic quality theater Atomico, as well as valued Graphcore at $1.7 billion, the fellowship said Tuesday. Existing investors Dell Technologies Inc. as well as Robert Bosch Venture Capital besides participated inwards the round.

The billion-dollar-plus valuation for the fleck fellowship comes at a fourth dimension when the semiconductor manufacture is suffering from investor skepticism, merely AI is getting increased attention. The United Kingdom of Great Britain as well as Northern Ireland of Britain as well as Northern Republic of Ireland company’s chips are specifically designed to accelerate machine learning -- the procedure past times which predictive estimator algorithms improve from digesting large amounts of data. Graphcore designs chips for power-intensive tasks such AI inwards cloud computing, venture services as well as automotive systems.

Graphcore, headquartered inwards Bristol, England, volition besides live on opening upwards novel offices inwards Beijing as well as inwards Hsinchu, Taiwan. With plans to eventually IPO, it is currently rolling out its kickoff run of chips as well as is working on its side past times side product. Initial clients include Dell as well as Samsung Electronics Co., said Graphcore co-founder Nigel Toon. The fellowship is targeting $50 meg inwards revenue inwards 2019.

Graphcore’s applied scientific discipline "is well-suited for a broad diverseness of applications from intelligent phonation assistants to self-driving vehicles,” Tobias Jahn, main at BMW i Ventures, said inwards a statement.

Last twelvemonth the fellowship raised $50 meg from investors including U.S. of A. of America venture upper-case alphabetic quality theater Sequoia Capital. Previous investors include AI luminaries Hermann Hauser, co-founder of Arm Holdings Plc, as well as Demis Hassabis, co-founder of Google’s DeepMind....

If interested run into also: 

Nov. 2017

"Sequoia Backs Graphcore equally the Future of Artificial Intelligence Processors" (NVDA; INTC)

May 2018
Top 10 British Artificial Intelligence Startups

The GOOG was the "lab inwards Shenzhen":  AI: "Google moves into Shenzhen inwards latest China expansion" (GOOG; NVDA)

I am non at freedom to hash out the basement inwards Moscow.