Tech Nation, the scaleup accelerator, has today announced the release of its annual Tech Nation Report, the ultimate state-of-the-nation report on the UK tech sector.
The report can be viewed here.
One of the top ten scale-ups driving investment into the UK tech sector, is Bristol-based, Graphcore.
The deep tech company Graphcore was named among the top 10 ‘superstar scaleups’ in 2020, which between them secured a fifth of total UK tech VC investment, at £2.5bn.
VC investment into South West tech reached £525m in 2020, up from £458m in 2019.
The report also revealed that Oxford, Bristol, Cambridge and Edinburgh are top for tech investment outside of London – Bristol attracted £339m in 2020 – placing it third in the UK for VC investment.
Nigel Toon, Graphcore CEO comments: “The UK is continuing to punch well above its weight in terms of building and growing world-class technology companies, even in the midst of these unusual and uncertain times.
“We are, of course, delighted that Graphcore is identified as one of the standard bearers for this national success story. Deep Tech represents the coming together of so many great British attributes – our reputation for innovation in science and engineering, the excellence of our academic institutions and, most recently, our status as a leading player in the development of artificial intelligence.”