When was Graphcore Systems founded?

Graphcore Systems was founded in 2016 and raised its 1st funding round within a year of its incorporation.

Where is Graphcore Systems located?

Graphcore Systems is headquartered in Bristol, United Kingdom. It is registered at 11-19 Wine Street, BRISTOL BS1 2PH.

Who is the current CEO of Graphcore Systems?

Nigel Toon of Graphcore Systems.

Which legal entities is Graphcore Systems associated with?

Graphcore Systems is associated with Graphcore Limited and 3 others.

How many employees does Graphcore Systems have?

As of Jun 30, 2026, the latest employee count at Graphcore Systems is 733.

Is Graphcore Systems a funded company?

Graphcore Systems is a funded company, having raised a total of $742M across 7 funding rounds to date. The company's 1st funding round was a $32M Series A round, raised on Aug 01, 2016.

How much is Graphcore Systems worth?

The last known valuation of Graphcore Systems was $2.8B as of Dec 29, 2020.

When was the latest funding round of Graphcore Systems?

Graphcore Systems' latest funding was a $222M Series E round on Dec 29, 2020, with participation from 5 investors.

What is the annual revenue of Graphcore Systems?

Annual revenue of Graphcore Systems is between £50M and £100M as on Mar 31, 2025

Is Graphcore Systems a High Performance Computing company?

The primary sectors of Graphcore Systems are High Performance Computing, AI Infrastructure, Digital ICs and Artificial Intelligence.

Where does Graphcore Systems rank among its competitors?

Graphcore Systems ranks 5th amongst 298 active competitors, of which 126 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Groq, which secured $650M in Jun, 2026.

Who are the top competitors of Graphcore Systems?

Graphcore Systems' top competitors include Groq, Cerebras and Lightmatter. Among them, Groq secured the most recent funding round in June, 2026.

Graphcore Systems - 2026 Company Profile, Team, Funding, Competitors & Financials

Graphcore Systems is an acquired company based in Bristol (United Kingdom), founded in 2016 by Nigel Toon and Simon Knowles. It operates as a Manufacturer of hardware and software for machine learning processing tasks. Graphcore Systems has raised $742M in funding from investors like Atomico, Sequoia Capital and Ontario Teachers' Pension Plan, with last known valuation of $2.8B. The company has 298 active competitors, including 126 funded and 25 that have exited. Its top competitors include companies like Groq, Cerebras and Lightmatter.

Sectors and market segments that Graphcore Systems operate in

Graphcore Systems serves in the High Tech, Native AI, Semiconductors market segments.The primary business model of Graphcore Systems are:

Company Details

Manufacturer of hardware and software for machine learning processing tasks. This business produces specialized processors and software tools designed to accelerate artificial intelligence computations. The hardware architecture supports natural language processing and speech recognition applications. These products facilitate the development of machine learning models by providing the necessary computational infrastructure for complex data analysis.

Website: www.graphcore.ai/
Social
Email ID: *****@graphcore.ai
Phone Number: +44 **********
Registered Address: 11-19 Wine Street, BRISTOL BS1 2PH

Key Metrics

Founded Year

2016

Location

Bristol, United Kingdom

Stage

Acquired

Total Funding

$742M in 7 rounds

Latest Funding Round

Series E, Dec 29, 2020, $222M

Last Known Valuation

$2.8B as on Dec 29, 2020

Investors

Atomico & 75 more

Ranked

5^th among 298 active competitors

Annual Revenue

£50M - £100M as on Mar 31, 2025

Employee Count

733 as on Jun 30, 2026

Similar Companies

Nvidia & 318 more

Exit Details

Acquired by SoftBank Group (Jul 12, 2024)

View Graphcore Systems' full profile

Graphcore Systems is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
GRAPHCORE LTD CIN: 924962011 , Norway, Active	May 16, 2016	-	-
GRAPH AI SERVICES INDIA PRIVATE LIMITED CIN: U62099TS2024FTC190149 , India, Active	Oct 14, 2024	0 - ₹10 Cr (As on Mar 31, 2025)	-
GRAPHCORE AS CIN: 918638458 , United States, Active	Jan 31, 2017	-	-	-
Graphcore Limited CIN: 10185006 , United Kingdom, Active	May 16, 2016	£50M - £100M (As on Mar 31, 2025)	266 (As on Dec 31, 2019)

Graphcore Systems got acquired by SoftBank Group on Jul 12, 2024.

Click here to take a look at Graphcore Systems's acquisition in detail

Graphcore Systems has raised a total funding of $742M over 7 rounds. Its first funding round was on Aug 01, 2016. Its latest funding round was a Series E round on Dec 29, 2020 for $222M. 5 investors participated in its latest round. Graphcore Systems has 67 institutional investors and 9 angel investors.

Here is the list of recent funding rounds of Graphcore Systems:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 29, 2020	$222M	Series E	-	-	Ontario Teachers' Pension Plan	Baillie Gifford, Schroders, Fidelity, Molten Ventures
Jan 15, 2020	$161M	Series D	-	-	Merian Global Investors, Mayfair, Baillie Gifford	Chrysalis
2019	Undisclosed	Series D	-	-	Air Street Capital	-

Access funding benchmarks and valuations. Sign up today!

View details of Graphcore Systems's funding rounds and investors

The founders of Graphcore Systems are Nigel Toon and Simon Knowles. Nigel Toon is the CEO of Graphcore Systems.

Here are the details of Graphcore Systems' key team members:

Nigel Toon: Co-Founder & CEO of Graphcore Systems. They serve on the board of 1 company.
Simon Knowles: Co-Founder of Graphcore Systems. They serve on the board of 1 company.

Graphcore Systems' Board of Directors

Graphcore Systems's board has 7 active members. Matt Miller, Hongquan Jiang, David Jeffrey Richardson, Nigel Toon and Simon Knowles are part of team and Siraj Rashid Khaliq and Eyal Zalman Niv are independent board members.

Here is the list of Graphcore Systems' board of directors:

Name	Type	Representing	Status	Duration
Nigel Toon	Team	-	Current	10y 1m
Simon Knowles	Team	-	Current	10y 1m
Hermann Hauser	Team	-	Past	3y 7m
Matt Miller	Investor	-	Current	8y 8m
Hongquan Jiang	Investor	-	Current	10y 1m
David Jeffrey Richardson	Investor	-	Current	5y 3m
William Elmore	Investor	-	Past	3y 7m
Siraj Rashid Khaliq	Independent board member	-	Current	9y 0m
Eyal Zalman Niv	Independent board member	-	Current	9y 7m
Young Kwon Sohn	Independent board member	-	Past	2y 9m

View details of Graphcore Systems's Founder profiles and Board Members

Graphcore Systems' employee count trend

Graphcore Systems has 733 employees as of Jun 26. Here is Graphcore Systems's employee count trend over the years:

Employee count trend for Graphcore Systems

Uncover Graphcore Systems' growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Graphcore Systems include Groq, Cerebras and Lightmatter. Here is the list of Top 10 competitors of Graphcore Systems, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Groq 2016, Mountain View (United States), Series E	Provider of AI inference platforms and on-premise AI inference clusters	$2.4B	Disruptive, Social Capital & 51 others	72/100
2nd	Cerebras 2015, Sunnyvale (United States), Public	Provider of high-performance AI infrastructure and wafer-scale computing solutions	$2.82B	Fidelity Investments, Tiger Global Management ... & 33 others	72/100
3rd	Lightmatter 2017, Boston (United States), Series D	Developer of photonic interconnects and co-packaged optics for AI infrastructure	$850M	Google Ventures, Viking Global Investors ... & 15 others	70/100
4th	Ambarella 2004, Santa Clara (United States), Public	Manufacturer of AI-enabled image processors	$15.4M	Northgate Capital, Riverwood Capital & 7 others	69/100
5th	Graphcore Systems 2016, Bristol (United Kingdom), Acquired	Manufacturer of hardware and software for machine learning processing tasks	$742M	Dell, Merian Global Investors & 74 others	68/100
6th	Celestial AI 2020, Santa Clara (United States), Acquired	Developer of optical interconnect technology for artificial intelligence infrastructure systems	$589M	Koch Disruptive Technologies, Fidelity Investments ... & 21 others	68/100
7th	Black Sesame Technologies 2016, Pudong (China), Public	Developer of AI-based chips for machine vision tasks	$500M	Xinding Capital, NLVC & 32 others	67/100
8th	Ayar Labs 2015, San Jose (United States), Series E	Developer of optical interconnect solutions for artificial intelligence infrastructure applications	$872M	Neuberger Berman, Founders Fund & 57 others	66/100
9th	Axelera AI 2021, Eindhoven (Netherlands), Series C	Manufacturer of hardware accelerators and software for artificial intelligence inference	$450M	Innovation Industries, Samsung Catalyst Fund ... & 13 others	66/100
10th	SiMa.ai 2018, San Jose (United States), Series C	Developer of hardware and software platform for physical artificial intelligence	$355M	Fidelity Investments, Maverick Capital & 14 others	66/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Graphcore Systems's competitors? Click here to see the top ones

Graphcore Systems has made no investments or acquisitions yet.

Here is the latest report on Graphcore Systems's geography:

Free

UK Tech Semi Annual Funding Report

Edition: H1, 2026 (47 Pages)

View all reports related to Graphcore Systems

Media has covered Graphcore Systems for a total of 8 events in the last 1 year, 4 of them have been about company updates and 1 about people movement.