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Fractile secures $15M in Seed funding to build better hardware for AI inference

Jul 26, 2024over 1 year ago

Amount Raised

$15 Million

Round Type

seed

LondonImage RecognitionMachine LearningArtificial Intelligence

Description

UK AI chip company Fractile has announced $15 million in Seed funding to build its first new AI chip, capable of running state-of-the-art AI models up to 100x faster and 10x cheaper than existing hardware.

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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