AI Startup Fractile Raises $15M in Seed Funding to Accelerate Next-Gen AI Chip Technology

UK-based AI chip startup Fractile has exited stealth mode and announced a significant $15 million in Seed funding. Founded in 2022 by AI PhD Walter Goodwin, Fractile’s new chip promises up to 100x faster performance and 10x cost savings compared to current technology.

• Breakthrough Performance: Fractile’s chip accelerates AI models by up to 100x and cuts costs by 90%, using novel circuits that perform computations directly in memory.

• Innovative Approach: Instead of specializing in specific tasks, Fractile’s chip redefines computational operations for unmatched scalability and performance.

• Strong Funding and Partnerships: Led by Kindred Capital and NATO Innovation Fund, the $15 million funding round includes contributions from Cocoa, Inovia Capital, and prominent angel investors, bringing total funding to $17.5 million.

• Fractile’s Team: The team includes veterans from NVIDIA, ARM, and Imagination. The company has secured patents for its technology and is negotiating partnerships for its first AI accelerator.

With its technology and robust funding, Fractile is poised to make a significant impact on the future of AI, offering unprecedented speed, cost savings, and performance efficiency.