Orrick has advised AI processor company Graphcore on its $150 million Series D2 extension financing. New investors Baillie Gifford, Mayfair Equity Partners and M&G Investments participated in the round alongside existing investors Merian Chrysalis, Ahren Innovation Capital, Amadeus Capital Partners and Sofina. This brings the total investment in Graphcore to date to over $450 million, valuing the company at $1.95 billion.
Orrick has advised Graphcore since its spin-out from client XMOS in 2016. The Orrick team advising on this financing includes Chris Grew, Jamie Moore, Stephen Tallon, Kirstie Parr, Anna O'Kelly and Chloe Palios.