Graphcore
Fabless AI silicon designer (Intelligence Processing Unit + Poplar software stack); post-2024 a captive R&D/compute arm of SoftBank rather than a merchant-market chip vendor - near-zero external product revenue, funded by parent capital toward internal (Stargate) deployment.
Chronological. Series D/E valuations are firm disclosed post-money marks; the 2024 acquisition figure is an undisclosed price reported in a ~$500-600M range (Bloomberg ~$600M), plotted at ~0.55; the 2026 injection is primary capital into the captive subsidiary and did not reset an external valuation.
Where our coverage leans
Sign in free to read the bull & bear take — Pro unlocks the full dossier.
Full financial intelligence for Graphcore
Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range