Top Executive: Nigel Toon, CEO
Graphcore is taking on Nvidia with its intelligence processing unit chips, which it says are built from the ground up for the “fine-grained parallelism” and high memory capacity required by AI applications, unlike GPUs. The Bristol, U.K.-based chip startup is making a big sales push this year for its Colossus MK2 IPUs along with the M2000 systems and IPU-POD clusters that use the IPUs. The startup received a major boost for sales, marketing and research and development with a $222 million funding round it raised late last year, which brought its valuation to $2.77 billion. Most recently, the startup expanded its sales presence in North America with new and existing channel partners, including Trace3.