Bloomberg: UK AI chips start-up Fractile could raise $600m
Fractile was founded in 2022 and operates from two primary locations in London and Bristol. Read more: Bloomberg: UK AI chips start-up Fractile could raise $600m
UK AI hardware startup Fractile is reportedly in discussions to raise approximately $600 million in funding, with a pre-money valuation of $6.5 billion, according to Bloomberg. The start-up, founded in 2022 by CEO Walter Goodwin, operates from locations in London and Bristol. Fractile's goal is to enable the scaling of more affordable AI token processing for faster model reasoning through hardware that delivers "low latency and high throughput."
The new funding, set to be co-led by Lightspeed Venture Partners and Redpoint Ventures, could also involve participation from Thrive Capital and Founders Fund. Fractile aims to sell around $250 million worth of its chips to Anthropic for deployment in 2027, with potential expansion of the contract in the future. The funding round comes as global demand for advanced AI chips continues to surge, driven by the need for faster and more efficient AI systems.
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