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Graphcore raises $222M for AI microprocessors
Graphcore, a U.K.-based startup that develops a microprocessor designed specifically for artificial intelligence and machine-learning applications, has raised $222 million in a Series E funding round.
The latest round brings total funding to date for Graphcore, which was founded in 2016, to over $780 million.
- China’s DXY lands $500M for online health: DXY, an online health care community for Chinese consumers and health care organizations, raised $500 million in a Series E round led by private equity firm Trustbridge Partners and joined by existing backer Tencent.
- Coinbase to suspend XRP trading: Coinbase said it will suspend trading of the cryptocurrency XRP, following a lawsuit from the U.S. Securities and Exchange Commission last week against Ripple, the company that developed it.
Illustration: Dom Guzman
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