Sources: London-based AI infrastructure startup Nscale is seeking to raise as much as $3B in its US IPO, which could take place as soon as September (Bailey Lipschultz/Bloomberg)
Nscale is seeking to raise as much as $3 billion in its US IPO, according to people familiar with the matter, joining a rush …
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.
Written by urgent.news from Silicon Republic's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
