Fractile Raises $720M at $7B Valuation, Up From $1.1B in May
TL;DR
- London-based Fractile raised $720M at a $7B post-money valuation, up from roughly $1.1B in May, with Thrive Capital co-leading.
- Founders Fund, Conviction, CapitalG, Lightspeed and the UK government's sovereign AI venture fund joined the round.
- Anthropic has shown interest as an early customer; Fractile has not shipped a production chip and does not expect datacentre deployment until 2027.
London AI chip startup Fractile has raised $720 million at a $7 billion post-money valuation, up from roughly $1.1 billion six months ago, the Financial Times reported.
Thrive Capital co-led the round, with Founders Fund, Conviction, CapitalG and Lightspeed participating alongside the UK government's sovereign AI venture fund, per reporting summarised on Techmeme. The company was founded in 2022 by Oxford robotics researcher Walter Goodwin and has not yet released a production chip.
Anthropic "has shown interest in becoming an early customer for Fractile's chips," the FT said, citing people familiar with the negotiations. Neither side has announced a firm order; earlier Bloomberg reporting described a roughly $250 million chip commitment that the FT notes has not been officially confirmed.
Fractile keeps weights on-chip in SRAM rather than fetching them from external memory, an approach it calls "memory-compute fusion." Its parts are not expected to be ready for datacentre deployment until 2027.
The round lands on a day already crowded with Anthropic news across our tracker, from an Australian retail IPO window to banker chatter about a $1.5T-plus listing valuation.
Originally reported by ft.com
Read the original article →Original headline: Fractile Raises $720M at $7B Valuation, Up 6x Since May, on $250M Anthropic Chip Deal