Fractile valuation jumps to $6.5B after Anthropic chip deal - Bloomberg

Fractile, an artificial intelligence chip startup, is reportedly in advanced talks to raise funds at a pre-money valuation of $6.5 billion, according to Bloomberg. The company is expected to receive around $600 million in this round, which includes investments at a lower valuation. In May, Fractile raised a $220 million financing round led by Accel, Founders Fund, and Factorial Funds, which gave the company a valuation of approximately $1 billion.

According to sources familiar with the matter, Fractile has agreed to sell approximately $250 million worth of its chips to Anthropic PBC, with plans to expand the contract in the future. However, these chips are not projected to be ready for use until 2027. This new valuation marks a significant increase of over six times from the price Fractile secured in its May financing round.

At that time, the company announced that it was raising funds to develop its initial AI chips for market entry. The current financing round is not yet closed, and details could still change. This report was produced with AI assistance and reviewed by an editor.