Fractile raises $720 million Series C to build AI inference chips
Overview
Fractile, a British AI chip startup, has raised a $720 million Series C round, according to TechCrunch.
Britain's Sovereign AI Fund backed the round, which Thrive Capital, Founders Fund, Lightspeed Venture Partners and Redpoint led. The UK government says the funding aims to give the country a greater stake in the hardware that will underpin its future economy. The company plans to ship its first chips and systems next year, and the government puts its valuation above £5 billion.
Written by AI from the articles below · updated Nov 11, 2:41 PM ET
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- TechCrunch · AINewsFractile raises $720M Series C to build AI inference chips
AIFractile, a British AI chip startup, has raised a $720 million Series C round backed by Britain's Sovereign AI Fund. The round was led by Thrive Capital, Founders Fund, Lightspeed Venture Partners and Redpoint, and the government put the valuation at over £5 billion. The company plans to ship its first chips and systems next year.
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