> Neither SoftBank nor Graphcore would confirm the value of the deal. Two people familiar with the matter said it was just above $600mn, less than the roughly $700mn that the company had raised in venture capital.
> That would be an anticlimax for Graphcore’s investors, who had valued it at around $2.5bn in 2020. Backers include Microsoft, OpenAI’s co-founder I lya Sutskever, Molten Ventures, Atomico and Baillie Gifford.
> SoftBank will provide Graphcore with a “huge amount of resources” to take on US chipmaking giants Nvidia and AMD
> Neither SoftBank nor Graphcore would confirm the value of the deal. Two people familiar with the matter said it was just above $600mn, less than the roughly $700mn that the company had raised in venture capital.
> That would be an anticlimax for Graphcore’s investors, who had valued it at around $2.5bn in 2020. Backers include Microsoft, OpenAI’s co-founder I lya Sutskever, Molten Ventures, Atomico and Baillie Gifford.
> SoftBank will provide Graphcore with a “huge amount of resources” to take on US chipmaking giants Nvidia and AMD