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Graphcore has now raised over $450 million and says that it has some $300 millio
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new balance 990 onsidering the doldrums that have plagued the chipmaking market in the last few months, and could become exacerbated now with the slowdown in production due to the coronavirus outbreak.The funding is an extension of its Series D, it said, and brings the total valuation of the company to $1.95 billion. For reference, the original Series D in December 2018 valued Graphcore at $1.7 billion. This latest round includes investments from聽Baillie Gifford, Mayfair Equity Partners and M&G Investments all new backers as well as participation from previous investors Merian Chrysalis, Ahren Innovation Capital, Amadeus Capital Partners and Sofina. Other past backers of the startup include BMW, Microsoft, A
mens sambas tomico and Demis Hassabis of DeepMind.Graphcore big claim to fame has been the development of what it calls its Intelligence Processing Unit
