Startups and VCUpdated 2h ago

Fractile confirms a £540 million raise.

Fractile is among a group of startups developing custom semiconductors for AI, a less visible side of the technology than the tools people use. The London-headquartered company has confirmed a £540 million funding round. Sifted reports that Fractile has government backing and a valuation above £5 billion; the Financial Times headline puts the valuation at $7 billion. The reports use different currencies, but both convey the scale of attention around a company building hardware for AI. This is a big round for the less-seen side of the AI boom: the chips themselves.

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Coverage started 5h ago