UK Chip Startup Fractile Raises $220 Million for AI Inference Chips
UK chip startup Fractile has raised a $220 million Series B led by Factorial Funds, Accel and Founders Fund to develop specialized logic and memory chips for AI inference. The company said the financing supports its work on chips and systems aimed at the next phase of AI scaling.
Fractile has also committed to invest £100 million in the UK to scale production and build a new industrial hardware engineering facility in Bristol.
From the sources (3 posts)
@packymA few months ago, my friend @davidwehrs told me he was leaving a great job at a big fund to join a brand new one, which seemed crazy bc how can new funds compete with big ones in the capex heavy AI race? Looking like a good call so far!
@sebjohnsonukThis company has already committed to investing £100m into the UK to scale production and build a new industrial hardware engineering facility in Bristol. It's a shame not to see more UK/European investors invest but its great to see more
@techmemeUK chip startup Fractile raised a $220M Series B led by Factorial Funds, Accel and Founders Fund to make specialized logic and memory chips for inference (@rwhelanwsj / Wall Street Journal) (Visit Techmeme dot com for the link and full con