Fractile valued at $7 billion as UK government backs AI chip startup

The London and Bristol-based inference chip developer raised $720 million, months after a round that valued it near $1.1 billion Fractile, a British startup building chips for artificial intelligence, has been valued at $7 billion in a fresh funding round. The British government is among the backers. The company raised $720 million, according to a person involved in the deal who spoke to Reuters on Wednesday, Nov 11. That valuation places Fractile among the most valuable technology startups in Britain. The round is a Series C, and it lands a $7 billion post-money valuation on a company founded only in 2022. Walter Goodwin started Fractile, which splits its operations between London and Bristol. In May 2026, Fractile closed a $220 million Series B at a valuation of approximately $1-1.1 billion.

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