It was reported that Fractile, a UK-based AI chip startup, has completed a $720 million Series C funding round, led by Thrive Capital, Founders Fund, Lightspeed Venture Partners, and Redpoint, with support from the UK Sovereign AI Fund. The UK government stated that the company's valuation exceeds £5 billion;

Additional reports citing sources suggest the valuation could reach as high as $700 million. Fractile is developing chips tailored for AI inference, employing a full-stack approach with a custom machine learning compiler to accelerate large language model execution on its hardware. The company’s chip design integrates stacked DRAM directly onto the chip package, aiming to mitigate the trade-off between memory capacity and bandwidth. Fractile CEO Walter Goodwin stated that significant work remains ahead, and the fundraising will fuel the company’s mission to deliver its first chips and systems in the coming year.