Fractile Closes $720M Series C at $7B Post-Money Valuation

November 12 — According to the UK government and Reuters, UK AI chip startup Fractile has completed a $720 million Series C funding round at a $7 billion post-money valuation. The round was co-led by Thrive Capital, Founders Fund, Lightspeed and Redpoint, with participation from Google's CapitalG, BlackRock, DST Global, Balderton, the UK Sovereign AI Fund and the British Business Bank. Fractile focuses on developing chips and systems for AI inference and plans to launch its first commercial chip next year. The company closed a $220 million Series B round in May this year.