PORTFOLIO / GRAPHCORE

Pioneering the global standard for AI accelerators and machine intelligence computing.

Sector

Technology

HQ

Bristol, UK

Geographic footprint

Europe, United States, Asia

Sales

N.D.

Employees

500

Investment date

July  2020

Status

Current

The company

Graphcore is at the forefront of developing new processor architectures for machine intelligence. The company’s Intelligence Processing Unit (IPU) technology provides AI researchers with vastly enhanced data-processing capabilities to accelerate the training of powerful new models. With strong backing from industry partners, Graphcore is well-positioned to become the global standard for machine intelligence computing, driving the next phase of advances in this exciting and fast-moving field.

The investment

Mayfair’s investment will support Graphcore’s ongoing R&D into the second generation of IPU products, the hiring of world-class talent and executing the company’s strategy for international expansion, particularly in Asia.

“We are very pleased to have Mayfair on board as an investor. Uptake of our IPU products is accelerating and the outlook for our business in 2020 is extremely positive. The major investments that we have made during 2018 and 2019 will help us to meet this strong demand by extending the capabilities of our technology and ecosystem, supporting the long-term revenue growth outlook as well as returns for our investors.”

Nigel Toon, CEO of Graphcore