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Fractile announced a Series C round of more than $720 million; Reuters reported that the company reached a $7 billion valuation. The UK government's sovereign AI venture capital fund and the British Business Bank backed the round. Fractile aims to develop AI inference chips, though the report provides no measured performance results.
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British AI chip startup Fractile has raised a $720 million Series C. It is pursuing a design that stacks DRAM on each chip and a machine learning compiler intended to speed up LLM execution on its chips. Its CEO says the funding will enable it to ship its first chips and systems next year; they are not yet available.
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Fractile announced a Series C round of more than $720 million; Reuters reported that the company reached a $7 billion valuation. The UK government's sovereign AI venture capital fund and the British Business Bank backed the round. Fractile aims to develop AI inference chips, though the report provides no measured performance results.
British AI chip startup Fractile has raised a $720 million Series C. It is pursuing a design that stacks DRAM on each chip and a machine learning compiler intended to speed up LLM execution on its chips. Its CEO says the funding will enable it to ship its first chips and systems next year; they are not yet available.
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