Fractile raises $720M for AI chip push
british startup fractile raised $720 million for its ai chip development, aiming to reduce inference costs and compete with top-funded players. this impacts the uk's ai hardware landscape.
fractile, a british startup, raised $720 million in series c funding for its ai chip development. the round was led by thrive capital, founders fund, lightspeed venture partners, and redpoint. fractile's valuation reached over $7 billion. the company is working on a full-stack approach, including ai chips and a machine learning compiler to maximize llm execution speed. fractile's hardware design focuses on dram stacked on top of each chip to bypass memory and capacity tradeoffs. the startup aims to ship its first chips and systems next year.