techcrunch.com
With $720M round, Britain’s Fractile gets a leg up in the race for AI chips
Fractile, a UK AI‑chip startup, secured a $720 million Series C led by Thrive Capital, Founders Fund, Lightspeed Venture Partners, and Redpoint, with backing from Britain’s Sovereign AI Fund. The investment values the company at over £5 billion ($7 billion). Fractile differentiates itself with a full‑stack approach that combines purpose‑built chips featuring stacked DRAM and a machine‑learning compiler to accelerate large‑language‑model inference. The funding will support the launch of its first chips and systems next year, positioning Fractile among the top‑funded [...]