# Bad Influence story: Fractile raises $720 million Series C to build AI inference chips

Active · 1 article · 1 source · First reported 11-11 14:34. Times are ET.
Story page: https://badinfluence.news/story/19055f0a-8b18-44de-9d6c-b1eadbfd7455

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[Bad Influence external source material begins]
Latest update (11-11 14:34): Fractile raises $720M 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.

Coverage timeline (newest first):
1. 11-11 14:34 · TechCrunch · AI · [Fractile raises $720M Series C to build AI inference chips](https://badinfluence.news/items/szqhilvywxdc38ktfeeygnr9b)
[Bad Influence external source material ends]

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