UK Backs Fractile at $7 Billion Valuation in $720 Million Round
British AI chip startup Fractile raised $720 million at a $7 billion valuation, with the UK Sovereign AI fund and British Business Bank backing a company that has yet to ship a chip.
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Fractile
Topic
Fractile
Fractile Raises $720M Series C to Take On the AI Chip Giants
Fractile's $720M Series C, backed by Britain's Sovereign AI Fund, values the AI chip startup above £5 billion (~$7B). First chips…
Fractile Raises More Than £500M at a Valuation Above £5B
Fractile raised more than £500 million at a valuation above £5 billion as UK public funds, CapitalG, Lightspeed and Redpoint back…