UK AI chip startup Graphcore has announced a $200 million Series D round today that’s jointly led by an existing investor, European VC Atomico, along with new investor Sofina, an investment holding firm.

Graphcore says the Series D values the company at $1.7BN. We’ve confirmed the valuation is $1.5BN before including the new capital raised. We’re also told that all the new money is inbound, with no cash-outs at this growth stage.

The 2016-founded, Bristol-based startup, which

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