Graphcore, Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Graphcore, Inc. - overview
Established
2016
Location
Bristol, England, UK
Primary Industry
Semiconductors
About
Graphcore, Inc. , based in the UK, is a leader in advanced machine learning technology, specializing in innovative hardware and software solutions designed to enhance AI workloads. Founded in 2016, Graphcore, Inc. is headquartered in Bristol, UK, and focuses on developing advanced machine learning hardware.
In May 2026, Graphcore, Inc. raised an approximately USD 457 million in venture funding from SoftBank Corp. Graphcore specializes in advanced machine learning hardware and software solutions, primarily through its flagship product, the Intelligence Processing Unit (IPU). These IPUs are designed to accelerate AI workloads, enabling researchers and companies to develop and deploy AI-native applications efficiently.
Graphcore’s technology supports various sectors, including financial services, healthcare, and scientific research, facilitating use cases such as drug development and personalized medicine. The company serves a diverse client base, including biotech firms and financial institutions, to enhance operational efficiencies and drive innovation within the machine intelligence space. In 2023, Graphcore generated a revenue of GBP 3,990,000, while its EBITDA for the same year was GBP -94,994,000. The company’s revenue primarily stems from the sale of its IPU hardware and the accompanying Poplar® software stack for various AI applications, engaging in B2B transactions with enterprises and research institutions.
The company plans to use the April 2026 funding to scale research and development of its AI chips, expand its global engineering footprint, and support large‑scale AI infrastructure projects, including a planned AI campus in Bengaluru.
Current Investors
Amadeus Capital Partners, Molten Ventures, Pitango
Primary Industry
Semiconductors
Sub Industries
Electronic Components, Semiconductor Equipment & Testing
Website
www.graphcore.ai
Verticals
Artificial Intelligence, Manufacturing
Total Amount Raised
Subscriber access only
Graphcore, Inc. - timeline of key events
Graphcore, Inc. - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | 1,163,112 | 10,084,000 | 3,327,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | 767.0% | (67.0%) | - | - | - |
| EBITDA (USD) | (9,547,404) | (20,039,336) | (57,868,504) | (92,034,000) | (130,215,000) | - | - | - |
| Operating Income (USD) | (9,637,888) | (20,711,151) | (61,220,071) | (99,743,000) | (142,782,000) | - | - | - |
| Operating Margin | - | - | (5263.5%) | (989.1%) | (4291.6%) | - | - | - |
| % EBITDA Margin | - | - | (4975.3%) | (912.7%) | (3913.9%) | - | - | - |
| NET Income (USD) | (8,227,003) | (17,725,441) | (52,690,648) | (81,903,000) | (126,712,000) | - | - | - |
| % Net Margin | - | - | (4530.1%) | (812.2%) | (3808.6%) | - | - | - |
Graphcore, Inc. - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.