| Founded | 2016 |
|---|---|
| Closed | 2024 |
| Country | UK |
| Sector | Ai |
| Collapse type | Fire Sale |
| Founder | Nigel Toon |
Graphcore
"Britain's most celebrated AI chip startup raised $750M and was sold to SoftBank at a valuation far below its $2.8B peak as NVIDIA's dominance proved unassailable."
Distressed acquisition below last-round valuation
Key Events Timeline
Graphcore was founded in Bristol in 2016 by Nigel Toon and Simon Knowles, developing a new processor architecture — the Intelligence Processing Unit (IPU) — specifically designed for machine learning workloads.
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