With $720M round, Britain’s Fractile gets a leg up in the race for AI chips

Fractile, a British startup developing AI chips, has raised a $720 million Series C backed by Britain’s Sovereign AI Fund with hopes of “ensuring the U.K. has a greater stake in the hardware that will underpin its future economy,” its government stated.

Alongside the likes of Axelera, Etched, and OLIX, this makes Fractile one of the top-funded startup players in the race for purpose-built…