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Graphcore

What Graphcore does

Graphcore is a semiconductor and AI-systems company best known for its Intelligence Processing Unit (IPU) hardware and its Poplar software stack. The company’s IPUs are designed to accelerate “machine intelligence” workloads (training and inference) using a dataflow/graph execution approach and a system architecture intended to emphasize memory bandwidth and interconnect performance, rather than treating GPUs as the default hardware for these workloads. Graphcore packages IPUs into datacenter-scale systems (for example, IPU-Machine with M2000 and scale-out IPU-POD configurations), and provides developer software via the Poplar SDK and related tools for running models on IPU hardware.

Strategically, Graphcore is now part of SoftBank Group as a wholly owned subsidiary, and it continues to operate under the Graphcore brand. As of 2026, Graphcore’s publicly described emphasis includes scaling end-to-end “system” capabilities and expanding engineering footprints (including campuses and offices in regions such as India and Taiwan) while continuing to market its IPU platform and ecosystem for customers and developers building AI-native workloads.

News

Company record

Aug 26, 2026 · Official · GraphcoreFrom Research to Reality: Fitting an 11B VLM on a Phone

Graphcore describes work with Arm researchers to fit a large 11B vision-language model into a roughly 4GB storage budget for an Android phone, including details about the quantization-aware training approach and an implementation released for further development.

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Aug 03, 2026 · Official · GraphcoreWelcome to Graphcore Taipei

Graphcore announces the opening of a new Taipei Nangang office and engineering lab and frames it as deepening investment in Taiwan to support manufacturing and supply-chain relationships.

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Jul 31, 2026 · Official · GraphcoreGraphcore Co-Founder and Executive Chair, Nigel Toon, steps down

Nigel Toon states he will step down from his Executive Chair role effective 2026-07-31 and names Marcus McElroy as “at the helm” with an executive team.

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May 14, 2026 · Official · GraphcoreGraphcore's Bengaluru Campus opens its doors

Graphcore announces the inauguration of its AI Engineering Campus in Bengaluru and describes it as central to scaling end-to-end AI computing capabilities and expanding hiring in the region.

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Aug 06, 2024 · Official · GraphcoreGraphcore joins Ultra Ethernet Consortium

Graphcore announces it has joined the Ultra Ethernet Consortium, describing how AI and HPC networking requirements (such as tail latency and RDMA-related topics) motivate the consortium’s work.

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Jul 11, 2024 · Official · GraphcoreGraphcore joins SoftBank Group to build next generation of AI compute

Graphcore announces its acquisition by SoftBank Group and says Graphcore becomes a wholly owned subsidiary that continues operating under the Graphcore name.

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Dec 29, 2020 · Official · GraphcoreGraphcore raises $222 million in Series E Funding Round

Graphcore announces a $222m Series E led by Ontario Teachers’ Pensions Plan Board and provides a post-money valuation of $2.77 billion.

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Feb 25, 2020 · Official · GraphcoreGraphcore secures additional $150 million in new capital

Graphcore announces an additional $150m private placement extending its Series D and mentions a most recent valuation of $1.95 billion.

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Show 1 earlier updates
Source map · 2 recurring channels · 75 references
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Still resolving: Newsroom · Official X

Funding

Latest disclosed valuation$2.8B
Tracked capital$1.1B8 sourced rounds
DateRoundRaisedValuationLead / investorsEvidence
May 12, 2026Follow-on (capital injection by parent)$457M—
Not attributed
+1 investor
Jul 12, 2024Acquisition (strategic)——
Not attributed
+1 investor

What it builds

Colossus™ IPU (e.g., Colossus™ MK1)

Graphcore’s Intelligence Processing Unit (IPU) product line, described by the company as the world’s first IPU platform for intelligence processing, intended to power machine intelligence workloads.

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IPU-Machine M2000

A Graphcore IPU system (the IPU-Machine) built around second-generation IPU processors, positioned by Graphcore for demanding AI workloads and deployed as a building block for scale-out configurations.

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IPU-POD™ scale-out datacenter systems

Scale-out datacenter solutions that connect multiple IPUs into larger pod configurations, marketed by Graphcore as the “IPU-POD” data center approach.

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Poplar® SDK and developer software stack

Graphcore’s software platform for developing and deploying workloads on IPU hardware, including Poplar SDK downloads and related tooling (for example, PopVision tools and IPU-related system software).

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Virtual-IPU™ (V-IPU™)

Graphcore software described in its IPU-POD documentation as used for allocating and configuring IPUs within IPU-POD systems.

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Milestones & partnerships