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Graphcore

Updated Apr 8, 2026

A deep look at Graphcore's finances, team, and market position in the AI Infrastructure space.

🇬🇧United KingdomAcquiredAI Infrastructure

Out of 100

🇬🇧

HQ

United Kingdom

🗓

Founded

2016

💰

Raised

$767M

🏷️

Stage

Acquired

👥

Team

500-1000

Graphcore designs the Intelligence Processing Unit, a processor architecture built specifically for machine learning workloads, offering a hardware alternative to NVIDIA GPUs for AI model training and inference. The Bristol-based company developed the IPU around a bulk synchronous parallel computation model that distributes model parameters across thousands of processor cores with local memory,

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Key Facts

  • Graphcore is valued at $600M as of April 2026.
  • Graphcore has raised a total of $767M in disclosed funding across 3 funding rounds.
  • Graphcore was founded in 2016 by Nigel Toon and is headquartered in United Kingdom.
  • Graphcore employs approximately 500-1000 people.
  • Graphcore operates in the AI Infrastructure category and is currently at the Acquired stage.
  • Graphcore has an Awaira Score of 85/100, ranking it among the highly notable AI companies on Awaira.
  • Graphcore's most recent funding round was a Series E of $222M closed in December 2020, led by Ontario Teachers' Pension Plan.

Source: Awaira · Updated Apr 8, 2026

$600M

Post-money

$767M

All rounds

85/100

2016

500-1000 employees

Strengths

Elite Awaira Score of 85/100

Large team of 500-1000+ employees

Analysis based on publicly available data. Not investment advice.

3

Total Rounds

$207.33M

Avg Round Size

2.2yr

Funding Span

Graphcore raised 3 rounds over 2.2 years, averaging $207.33M per round — a pace of roughly one round every 9 months.

⚠️ ESTIMATE
💵Est. Annual Revenue
$20M–$100M estimated ARR

Awaira estimate based on public data. Not financial advice.

How does Graphcore stack up against competitors?

MetricGraphcoreCoreWeaveNebiusScale AI
Awaira Score85/10095/10084/10084/100
Total Raised$767M$2.38B$2B$15.9B
Valuation$600M$49B$25B$29B
StageAcquiredPublicPrivateSeries G
Founded2016201720232016
Employees500-100018001,0001,000
Country🇬🇧🇺🇸🇳🇱🇺🇸
N

Nigel Toon

Founder & CEO

View founder profile →
StageAcquired
Employees500-1000
Country🇬🇧 United Kingdom
Connect
Ontario Teachers' Pension PlanOntario Teachers'Baillie GiffordDraper EspritBMW iVenturesSamsungDell TechnologiesSequoia CapitalAtomicoBosch
Inactive
3 rounds
Series ELatest

Led by Ontario Teachers' Pension Plan

$222M

Dec 2020

Series D

Led by BMW iVentures

$200M

Dec 2018

Series C

Led by Sequoia Capital

$200M

Nov 2018

Frequently Asked Questions

What is Graphcore's valuation?
As of its latest round, Graphcore carries a valuation of $600M.
Who invested in Graphcore?
The investor list includes Ontario Teachers' Pension Plan, Ontario Teachers', Baillie Gifford, Draper Esprit, BMW iVentures, Samsung, Dell Technologies, Sequoia Capital, Atomico, Bosch — a mix that reflects confidence in the AI Infrastructure business.
When did Graphcore last raise funding?
The most recent round was a Series E of $222M, closed in December 2020. The round was led by Ontario Teachers' Pension Plan.
How many employees does Graphcore have?
The team is roughly 500-1000 people, headquartered in United Kingdom.
What does Graphcore do?
Graphcore designs the Intelligence Processing Unit, a processor architecture built specifically for machine learning workloads, offering a hardware alternative to NVIDIA GPUs for AI model training and inference. The Bristol-based company developed the IPU around a bulk synchronous parallel computation model that distributes model parameters across thousands of processor cores with local memory, achieving high efficiency for sparse and irregular neural network computations that GPUs handle inefficiently.
Who founded Graphcore?
The company was started by Nigel Toon in 2016 in United Kingdom. Nigel Toon serves as Founder & CEO.
Is Graphcore profitable?
There's no public reporting on profitability. With raised $767M in total funding, the company remains at the Acquired stage.
Where is Graphcore headquartered?
Based in United Kingdom 🇬🇧, the company runs its operations in the AI Infrastructure space and was established in 2016.
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