Graphcore has now raised over $450 million and says that it has some $300 million in cash reserves — an important detail considering the doldrums that have plagued the chipmaking market in the last few months, and could become exacerbated now with the slowdown in production due to the coronavirus outbreak. The funding is an extension of its Series D, it said, and brings the total valuation of the company to $1.95 billion. For reference, the original Series D in December 2018 valued...

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