Fractile raises $720 million Series C at $7 billion valuation for AI inference chips
Fractile has raised $720 million in a Series C round led by Thrive Capital, Founders Fund, Lightspeed Venture Partners and Redpoint, valuing the AI inference chip startup at $7 billion. British government-backed investors also participated, giving the UK an equity stake in the company.
- Raised
- $720 million
- Round
- Series C
- Investors
- 12
- Investors
- Thrive CapitalFounders FundLightspeed Venture PartnersRedpointCapitalGBlackRockDST GlobalElad GilBaldertonSV AngelBritish Sovereign AI FundBritish Business Bank
- Target market
- AI inference computing
- Use of funds
- Shipping its first chips and systems next year
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Quick Answers
What is the latest news about Fractile?
Fractile has raised $720 million in a Series C round led by Thrive Capital, Founders Fund, Lightspeed Venture Partners and Redpoint, valuing the AI inference chip startup at $7 billion. British government-backed investors also participated, giving the UK an equity stake in the company.
What does Fractile do?
Fractile is a United Kingdom startup based in London and Bristol. It develops AI inference chips and a machine learning compiler for running large language models.
How much did Fractile raise?
Fractile raised $720 million in its Series C.
Who invested in Fractile?
Investors named in this Series C include Thrive Capital, Founders Fund, Lightspeed Venture Partners, Redpoint, CapitalG, BlackRock, DST Global and Elad Gil and 4 others.
How will Fractile use the funding?
Fractile plans to use the money for shipping its first chips and systems next year.
Where is Fractile based?
Fractile is based in United Kingdom.
Who are the key people at Fractile?
Key people named in this report: Walter Goodwin (CEO & Founder).