With $720M round, Britain’s Fractile gets a leg up in the race for AI chips
Fractile, a British startup developing AI chips, has raised a $720 million Series C backed by Britain’s Sovereign AI Fund with hopes of “ensuring the U.K. has a greater stake in the hardware that will underpin its future economy,” its government stated.
Alongside the likes of Axelera, Etched, and OLIX, this makes Fractile one of the top-funded startup players in the race for purpose-built AI chips. Such chips are one of several avenues being explored to reduce the cost of inference — aka using increasingly demanding AI models in production.
However, Fractile seeks to go beyond hardware with a full-stack approach that also includes a machine learning compiler to maximize the speed at which LLMs will get executed on its chips.
As a result, the company frames itself as a frontier AI company, and its latest round led by Thrive Capital, Founders Fund, Lightspeed Venture...
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