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Fractile is in talks to raise $600m at a pre-money valuation of $6.5bn, co-led by Lightspeed Venture Partners and Redpoint Ventures to scale AI token processing hardware.
Fractile, a UK AI hardware start-up, is seeking to raise $600m to enhance its AI token processing capabilities. The funding is co-led by Lightspeed Venture Partners and Redpoint Ventures. The company is also working on a $250m chip deal with Anthropic for deployment in 2027. Global demand for advanced AI chips continues to grow amidst ongoing supply shortages.
Company Information
Company
Fractile
Location
London, England, United Kingdom
About
Fractile is building chips to run large language models two orders of magnitude faster. Existing hardware is good for training LLMs, but very poorly suited to subsequent inference of the trained model, which is increasingly the dominant workload. A network’s weights need to be moved onto a chip once per word generated, and this movement takes a few hundred times longer than the subsequent computations themselves. Fractile’s revolutionary approach to fusing computation with memory eliminates this bottleneck, and can scale to allow running the world’s largest models at a global scale.
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LondonArtificial IntelligenceMachine LearningImage Recognition