With $720M round, Britain’s Fractile gets a leg up in the race for AI chips
British startup Fractile has raised a $720 million Series C funding round led by Thrive Capital, Founders Fund, Lightspeed Venture Partners, and Redpoint to develop purpose-built AI chips. The company plans to ship its first chips and systems next year using a stacked DRAM architecture designed to bypass memory and capacity bottlenecks for agentic AI workloads. According to the British government, the valuation for the round was over £5 billion. Open article →
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