GoKawiilFractile raises $720M Series C to build full-stack AI inference chips
British AI-chip startup Fractile closed a $720 million Series C backed by Britain's Sovereign AI Fund, Thrive Capital, Founders Fund, Lightspeed Venture Partners and Redpoint. The UK government put the valuation at over £5 billion, which reports from the Financial Times and Reuters peg at roughly $7 billion. CEO Walter Goodwin said the funds will help the company ship its first chips and systems next year.