Fractile secures £12m seed funding to accelerate AI chip development
The seed round was co-led by Kindred Capital, NATO Innovation Fund, and Oxford Science Enterprises.
Share allotment filed at Companies House
London based artificial intelligence chip startup developing specialized hardware and software to improve inference efficiency. The company uses static random access memory to tackle memory bottlenecks.
Fractile has secured £12m in seed funding to advance its semiconductor technology for artificial intelligence inference. The capital injection brings the company's total funding raised to £14m.
The financing round was co-led by Kindred Capital, NATO Innovation Fund, and Oxford Science Enterprises, with additional participation from Cocoa, Inovia Capital, and several prominent angel investors including Hermann Hauser, Stan Boland, and Amar Shah.
The London-based startup has engineered a novel chip design intended to run state-of-the-art artificial intelligence models significantly faster and more affordably than standard market hardware, addressing a primary bottleneck in current computing infrastructure.
From the founder
"In today’s AI race, the limitations of existing hardware – nearly all of which is provided by a single company – represent the biggest barrier to better performance, reduced cost, and wider adoption. Fractile’s approach supercharges inference, delivering astonishing improvements in terms of speed and cost. This is more than just a speed-up – changing the performance point for inference allows us to explore completely new ways to use today’s leading AI models to solve the world’s most complex problems. We’re thrilled to have raised our funding from investors with a wealth of experience in the AI and chip industries, continue to grow our world-class team and further our technological development and partnerships."
Walter Goodwin
at Fractile
Investor perspective
"AI is evolving so rapidly that building hardware for it is akin to shooting at a moving target in the dark. It’s a major technical challenge but, with the AI inference chip market projected to be worth $91B by 2030, there’s also huge growth potential. Because Fractile’s team has a deep background in AI, the company has the depth of knowledge to understand how AI models are likely to evolve, and how to build hardware for the requirements of not just the next two years, but 5-10 years into the future. We’re excited to partner with Walter and the team on this journey."
John Cassidy
Partner, Kindred
Investors
John Cassidy
Kindred
Andrea Traversone
NATO Innovation Fund
Sam Harman
Oxford Science Enterprises
Cocoa
Inovia
Hermann Hauser
Stan Boland
Stan Boland
Amar Shah