Graphcore secures £19.2m Series D funding from Merian Chrysalis Investment Company
Merian Chrysalis Investment Company has led a £19.2m Series D funding round for artificial intelligence processor firm Graphcore.
£19.2MSeries D+
Graphcore develops advanced intelligence processing units, systems and software designed to accelerate artificial intelligence compute workloads.
Bristol-based artificial intelligence processor developer Graphcore has secured £19.2m in a Series D funding round led by Merian Chrysalis Investment Company.
The capital injection adds to a total funding tally exceeding $300m for the firm, which anticipates robust expansion in the machine intelligence sector as global engagement with its hardware grows.
Investor perspective
"We believe the machine intelligence market will show substantial growth in the coming years and that Graphcore is well positioned to generate material revenues,"
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Nick Williamson
co-fund manager, Merian Chrysalis Investment Company
