Bristol, UK-based semiconductor company Graphcore has raised $200 million in a new equity funding round from investors including Atomico, Microsoft and BMW i Ventures, valuing the company at $1.5 billion pre-money (via FT).
Goldman Sachs helped Graphcore close the round.
From Graphcore co-founder and CEO Nigel Toon’s blog post:
“With this new capital we will be working hard to rapidly scale up the company. We will be hiring lots of new engineers to our headquarters in Bristol, UK and to our offices in London, to Oslo in Norway, Palo Alto in Silicon Valley and to new offices that we are opening in Beijing, China and in Hsinchu, Taiwan.
We will be ramping up our production and will be adding to our sales, marketing, finance, legal and people teams. Our goal is to build the global market leader in machine intelligence hardware and we are looking forward to an exciting new period of massive growth.”