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Sequoia Backs Graphcore as the Future of AI Processors

Sequoia Backs Graphcore as the Future of AI Processors
Credit: graphcore.ai

Graphcore announced a $50 million Series C funding round by Sequoia Capital, as the machine intelligence company prepares to ship its first intelligence processing unit products to early access customers in 2018.

The Series C round will be dedicated to scaling up production, building a community of developers around the Poplar software platform, driving Graphcore’s extended product roadmap, and investing in its Palo Alto-based U.S. team to help support customers.

Matt Miller, partner at Sequoia, who will join the Graphcore board of directors, said, “Machine intelligence will cause an explosion of new applications and services that will transform every industry. The unique nature of this workload and scale of this opportunity creates an opening where a valuable new chip company can be created. We believe Graphcore’s product architecture, team and early market interest make it the best positioned new entrant in this market. We look forward to helping them build a large and enduring company.”

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