🇬🇧 UK chip startup Fractile closes a £500M+ round at a valuation above £5 billion
Fractile, a London and Bristol startup building faster, cheaper and more energy-efficient chips for running AI, has raised a Series C worth more than £500 million that values it at over £5 billion. The UK government's Sovereign AI fund and the British Business Bank joined investors including CapitalG, Lightspeed and Redpoint. Fractile has not shipped a production chip yet; it expects data center deployments in 2027, and Bloomberg has reported an initial ~$250M chip deal with Anthropic.
⭐ Demand for alternatives to Nvidia in AI inference is so strong that investors, and now Britain's government, are paying up before the first chip ships.
#AI
Fractile, a London and Bristol startup building faster, cheaper and more energy-efficient chips for running AI, has raised a Series C worth more than £500 million that values it at over £5 billion. The UK government's Sovereign AI fund and the British Business Bank joined investors including CapitalG, Lightspeed and Redpoint. Fractile has not shipped a production chip yet; it expects data center deployments in 2027, and Bloomberg has reported an initial ~$250M chip deal with Anthropic.
⭐ Demand for alternatives to Nvidia in AI inference is so strong that investors, and now Britain's government, are paying up before the first chip ships.
#AI
