Here’s what you need to know today in startup and venture news, updated by the SA国际传媒 News staff throughout the day to keep you in the know.
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Graphcore raises $222M for AI microprocessors
, a U.K.-based startup that develops a microprocessor designed specifically for artificial intelligence and machine-learning applications, has raised $222 million in a Series E funding round.
led the financing, which reportedly of $2.77 billion for the Bristol-based company.
The latest round brings total funding to date for Graphcore, which was founded in 2016, to over $780 million.
Funding rounds
- China’s DXY lands $500M for online health: , an online health care community for Chinese consumers and health care organizations, in a Series E round led by private equity firm and joined by existing backer .
Other news
- Coinbase to suspend XRP trading: said it will of聽 the cryptocurrency XRP, following a lawsuit from the U.S. Securities and Exchange Commission last week against , the company that developed it.
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