It’s easy to overlook that Silicon Valley begins with ‘silicon,’ and that there would be no technology innovation without reform at the silicon level. And Graphcore is aware of that as the Bristol stationed firm is planning its dedicated AI chipset.
Graphcore has successfully attracted a ton of attention from day one. Originally coined in 2016, the startup has raised over $300 million from top traders, including Sequoia Capital, BMW, Samsung, Microsoft, and a ton of others.
The corporate last bagged a $200 million Series D round headed by Atomico and Sofina. It values the company at $1.7 billion.
The startup’s magical product is an Intelligence Processor Unit PCIe processor card mixed with a software program framework. Essentially, it enables users to build their own AI applications more effectively. Those dedicated AI chips perform higher than repurposed GPUs.
It seems crazy that a small startup is facing straight to big chip companies, including Nvidia, Intel, Qualcomm, and so on. However, this isn’t Nigel Toon’s first firm. He was also the CEO of Picochip and Icera, two firms which were sold to Intel and Nvidia.
Graphcore believes that there’s an underserved area of interest with several potentials. And it looks like there’s a race to build the most powerful AI chip.
Along with panels and fireside chats, like this one, new startups will take part in the Startup Battlefield to compete for the extremely coveted Battlefield Cup.