Accel led the London chip startup’s round, with Pat Gelsinger joining as an angel investor, weeks after Anthropic was reported to be in early discussions to become a customer.
Fractile, the London-based startup designing inference chips that put compute and memory on the same die, has raised $220 million to take its hardware to production, the company said on Tuesday.
The round closes above the $200 million reported target the company was understood to be sounding out in late March, as Electronics Weekly first noted, and lifts Fractile into the cohort of European chip companies pitching themselves as alternatives to Nvidia at the inference layer.
The investor profile is what gives the round its weight. Accel is understood to have led, with former Intel chief executive Pat Gelsinger participating as an angel and operating adviser.
The 💜 of EU techThe latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!Existing backers Kindred Capital, the NATO Innovation Fund, and Oxford Science Enterprises, which co-led Fractile’s $15 million seed in July 2024, are part of the round.
