We’ve had to wait a while, but I’m really pleased to be able to share that Dell Technologies is backing Graphcore through its venture arm, Dell Technologies Capital.
I’m even more pleased that we announced this at Dell/EMC World in Las Vegas today with Scott Darling, President of Dell Technologies Capital (DTC). It shows that Graphcore’s mission to build a new intelligence processing unit (IPU) for the future of intelligent computing, is tightly aligned with Dell Technologies focus on AI as an essential driver of digital transformation for all its customers.
They have believed in us from the start; Dell Technology Capital (DTC) was a strategic investor in our $32 million Series A funding round announced in October 2016, alongside Bosch and Samsung and our other leading venture investors, Amadeus, Foundation, Pitango, Draper Esprit and C4 Ventures.
DTC is bringing us much more than just capital. They give Graphcore access to the global scale, channel, OEM, product integration and go-to-market relationships that are unique to the Dell Technologies’ family of businesses to bring the capabilities of our Intelligence Processing Unit (IPU) products to even more customers as we scale.
Graphcore’s first customers will be those at the cutting edge of machine learning in AI research labs in big companies and universities and AI startups. But we are already seeing huge interest in Graphcore platforms from forward thinking CIOs and data scientists in a broad range of companies in different industry sectors from established Fortune 100 companies to fast growing firms.
Dell Technologies has a trusted relationship with thousands of the CIOs and business leaders who are beginning their digital transformation with AI and machine intelligence. Graphcore is engaging with a broad range of these companies who recognize the strategic importance of AI and are working on plans to transform their businesses with machine intelligence and it’s been a real pleasure to meet so many of you at Dell/EMC World.