Graphcore

Advanced AI systems and services

Graphcore logo
501-1000 employees
  • B2B
  • Artificial Intelligence
  • Enterprise
  • Deep Tech
  • Computer Vision
  • Machine Learning
  • SaaS
  • Cloud Computing
Old City, Bristol, UK

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Company mission

To make machine learning faster, easier and more intelligent.

Top investors

15% female employees

34% employee growth in 12 months

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Our take

The hardware required to train AI models comes at a high cost, both financially and environmentally, producing millions of dollars in expenses and hundreds of tons of greenhouse gases. In response, Graphcore develops accelerator chips designed to expedite AI system training while significantly reducing power consumption.

AI accelerators like those crafted by Graphcore specialise in enhancing specific AI applications, such as artificial neural networks, deep learning, and machine learning. Utilising multicore designs and prioritising low-precision arithmetic or in-memory computing, these accelerators elevate the performance of large AI algorithms, achieving breakthrough results in natural language processing and computer vision.

Graphcore has ambitious plans to create an AI supercomputer, aiming to be one of the most powerful in its class. However, progress on this has extended beyond its planned 2024 debut, and the company was purchased by Softbank later that year. Though the acquisition by the Japanese multinational lowered Graphcore's valuation and highlighted structural problems in the local financing of UK tech pioneers, the buyout will undoubtedly aid the company in its ambitions to shape the future of AI computing.

Freddie headshot

Freddie

Company Specialist at Welcome to the Jungle

Benefits

  • Work-Life Balance: We believe you should have a good work-life balance. Everyone's situation is different, so we offer flexible working arrangements and start and finish times, allowing you to choose when to work from home or come into the office
  • Wellbeing: We want to ensure that our employees have the resources and support they need to prioritise their health and wellbeing
  • Healthcare: We offer Private Medical Insurance (PMI) to our employees to help them take care of their health and that of their loved ones
  • Progression: We prioritise learning and development as an integral part of our culture at Graphcore. Our Talent Development team is dedicated to equipping all our employees with the necessary tools, resources, and support to enhance their skills and reach their full potential in their careers
  • Pension: We believe that our employees deserve the best when it comes to planning for their future
  • Income Protection: Graphcore understands that unforeseen circumstances can happen, and we want to ensure our employees have the necessary financial security in place

Funding (last 2 of 6 rounds)

Dec 2020

$222m

SERIES E

Feb 2020

$150m

SERIES D

Total funding: $682m

This company has top investors

Leadership

Nigel Toon

(Co-Founder & Exec Chair)

Previously the President and CEO at picoChip Designs (processors for telecoms). As well as the VP and GM of Europe at Altera (semiconductors, merged with Intel).

Simon Knowles

(Co-Founder & CTO)

Founded two successful semiconductor companies, Element14 and Icera, for a combined value of over $1 billion.