Fractile Secures $720 Million In Series C Funding Round, Valuing Company At $7 Billion

London-based AI chip startup Fractile raised $720 million in a Series C funding round, valuing the company at $7 billion. Founded in 2022 by Walter Goodwin, Fractile is developing custom AI chips with integrated 3D-stacked memory designed to deliver faster, more efficient AI inference and outperform traditional high-bandwidth memory technology. The round was led by Thrive Capital, Founders Fund, Lightspeed Venture Partners and Redpoint, with participation from CapitalG, DST Global, BlackRock, Bain Capital Ventures, T. Rowe Price, Sovereign AI and others.

FOUNDER: Walter Goodwin

INVESTORS: Thrive Capital, Founders Fund, Lightspeed Venture Partners, Redpoint, CapitalG, DST Global, Elad Gil, BlackRock, Bain Capital Ventures, T. Rowe Price, SV Angel, Sovereign AI, British Business Bank, Shopify Ventures, Felicis, Gigascale Capital, 20VC, Georgian, Balderton

ROUND: Series C AMOUNT: $720,000,000 VALUATION: $7,000,000,000

HQ: London, United Kingdom

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