Fractile raises $720m to develop next-generation artificial intelligence chips

UK-based semiconductor startup Fractile has raised $720m in Series C funding at a reported valuation of $7bn. The investment was led by Thrive Capital, Founders Fund, Lightspeed and Redpoint, with participation from Google CapitalG, BlackRock and other investors. The company is developing specialised chips designed to make artificial intelligence systems faster and more energy efficient. HPC could identify semiconductor manufacturers, data centre operators, technology distributors, engineering partners and international investors seeking opportunities in the expanding AI infrastructure market.

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