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London-based chip designer Fractile raised $720 million in a Series C round led by Thrive Capital and Founders Fund. The funding values the four-year-old company at $7 billion. CEO Walter Goodwin stated the capital will enable the startup to ship its first chips and systems next year.
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Summary by ByteBrief
Fractile confirms £540m AI chip raise

London-based AI chip startup Fractile raised $720M from Thrive, Founders Fund, and others, sources say at a $7B post-money valuation, up from ~$1.1B in May (George Hammond/Financial Times)
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