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TechCrunch: Fractile Secures $720 Million in Series C Funding, Valuation Exceeds £5 Billion
According to TechCrunch, British AI chip startup Fractile has completed a $720 million Series C funding round, led by Thrive Capital, Founders Fund, Lightspeed Venture Partners, and Redpoint, with participation from the UK Sovereign AI Fund. Citing the UK government, the report notes that the company is valued at over £5 billion. CEO Walter Goodwin stated that the new funds will support the company in delivering its first batch of chips and systems by 2027.
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