Sifted · Wed 11 Nov

AIAI-generated summary London- and Bristol-based artificial intelligence chip startup Fractile secured more than £500 million in a Series C funding round featuring backing from the UK Sovereign AI Venture Fund and the British Business Bank. CapitalG, Lightspeed and Redpoint also participated in the financing round, which valued the company at more than £5 billion according to the announcement.

AI Chips Startups Funding