UK-based machine intelligence technology developer Graphcore raised $30m yesterday in a series B round that included subsidiaries of industrial product manufacturer Bosch, electronics producer Samsung and computing hardware provider Dell.
Robert Bosch Venture Capital (RBVC), Samsung Catalyst Fund and Dell Technologies Capital were joined by investment firm Atomico, which led the round, Amadeus Capital, C4 Ventures, Draper Esprit, Foundation Capital, Pitango Venture Capital and various angel investors.
Graphcore has built an intelligence processing unit that will help developers create advanced machine intelligence applications.
The companyis also forming a network of developers that will use its Poplar graph framework software, which includes a set of open source graph libraries for machine learning.
RBVC led Graphcore’s $30m series A round in November 2016, investing alongside Samsung Catalyst Fund, Amadeus Capital, C4 Ventures, Draper Esprit, Foundation Capital and Pitango Venture Capital.
Graphcore intends to begin shipping the hardware to its first customers later this year, and expects to expand its production facilities to supply the product for enterprise data centres and cloud environments in 2018.