Fractile Completes $720 Million Series C Funding, Post-Money Valuation at $7 Billion

Fractile has completed a $720 million Series C funding round, with a post-money valuation of $7 billion. This round was co-led by Thrive Capital, Founders Fund, Lightspeed, and Redpoint, with participants including Google’s CapitalG, BlackRock, DST Global, Balderton, the UK Sovereign AI Fund, and the UK Business Bank. Fractile focuses on developing chips and systems for AI inference and plans to launch its first commercial chip next year. In May of this year, the company completed a $220 million Series B funding round.

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