Fractile Secures $220 Million in Series B Funding for AI Chip Development

British AI chip startup Fractile has announced the completion of a $220 million Series B funding round, according to ChainCatcher. The round was led by Factorial Funds, Accel, and Founders Fund, which is associated with Peter Thiel. Founded in 2022 by Oxford University-trained engineer Walter Goodwin, Fractile focuses on developing AI inference chips designed to enhance the speed of large model responses to user queries. The company claims its chip and memory architecture can reduce latency while improving bandwidth efficiency, aiming to provide faster and more cost-effective computing power in AI inference scenarios. It is reported that Anthropic has initiated preliminary discussions with Fractile regarding the procurement of its AI inference chips.