Graphcore has secured £19.2 million in a Series D funding round from Merian Chrysalis Investment Co.

The artificial intelligence processor firm based in Bristol has now raised more than $300m capital.

“We believe the machine intelligence market will show substantial growth in the coming years and that Graphcore is well positioned to generate material revenues,” said Merian Chrysalis co-fund manager Nick Williamson.

“The business has had meaningful, global engagement with its technology and we look forward to working with the Graphcore team to deliver on this opportunity.”

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