London’s Fractile raises $720M for memory-first AI chips and hits $7B valuation

Fractile, a London-based chip designer, raised $720M in Series C funding, boosting its valuation to $7B. The company aims to solve AI memory bandwidth bottlenecks with a novel 3D-stacked DRAM and logic chip, targeting faster inference. Anthropic is reportedly interested as an early customer, though Fractile's first commercial chip is expected next year.