Funding
Fractile Raises $720 Million to Value at $7 Billion
Fractile, a British startup developing chips for artificial intelligence, has raised $720 million in a Series C funding round. The company, founded in 2022, is now valued at $7 billion. The British government, including the Sovereign AI Venture Fund and the British Business Bank, has invested in the round. Fractile designs chips for AI inference, aiming to reduce operational costs and energy consumption for running large language models. The company plans to begin data center deployments in 2027.