London-based AI chip startup Fractile has raised £540m (about $721m) in new funding in its Series C round, company filings show. The round is led by Index Ventures and Balderton Capital, with participation from existing investors. Fractile is developing AI acceleration chips for enterprise workloads.
The funding values the company at approximately £2.69bn. Investors include prominent VCs such as Balderton Capital and Index Ventures, who previously backed the company in earlier rounds. The startup plans to use the capital to expand its engineering team and accelerate product development.
Fractile's technology focuses on optimizing AI inference for data center deployments.
Source: Sifted · Summarized by HeadlinesBriefing