Browsing: Fractile

Fractile, a London- and Bristol-based AI chip startup, has been valued at $7 billion after securing $720 million in a Series C round that included backing from the British government, making it one of the UK’s most valuable technology startups.

The round values Fractile at over £5bn and comes ahead of its chips coming to market. John Reynolds14 hours ago

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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.

Nov 11 (Reuters) – AI chip startup Fractile was valued at $7 billion in its latest fundraising round, which included backing from ‌the British government, a person involved in the deal said on ‌Wednesday, making it one of Britain’s most valuable technology startups

Fractile, a British startup building chips for artificial intelligence, is in advanced talks to raise money at a valuation more than six times what it fetched three months ago, Bloomberg reported. The jump follows a deal to supply chips to Anthropic.