UK-based startup Graphcore is looking to take on U.S. chipmaking giants Nvidia and Intel, and has just generated considerable funding to do just that. The company raised $222 million in a Series E funding round announced last week, pushing the company's value to over $2.7 billion. Nigel Toon, Co-Founder and CEO at Graphcore, explains how his company's Intelligence Processing Unit (IPU) is advantageous to GPU, which industry giants such as Nvidia use.