UK startup Fractile has closed a $720 million Series C funding round, valuing the company at $7 billion after the transaction. Founded in London and Bristol in 2022, the company designs inference chips by stacking DRAM memory directly onto the processor to reduce bandwidth constraints. It has yet to ship a commercial chip, with manufacturing planned for 2027 and anticipated data-center deployments that same year. The round was led by Thrive Capital, Founders Fund, Lightspeed Venture Partners and Redpoint, with participation from CapitalG, BlackRock and DST Global. Anthropic could become an early customer, but no contract has been confirmed, while Fractile faces competitors including Axelera, Etched and OLIX as well as Nvidia’s market dominance.
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