United Kingdom: Fractile exits stealth with $15 million in seed funding

AI chip startup Fractile has exited stealth with $15 million in seed funding round  co-led by Kindred Capital, NATO Innovation Fund, and Oxford Science Enterprises and included participation from a number of angel investors, including Stan Boland, co-founder of Icera, and Amar Shah, co-founder of Wayve. 
 

“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,” said Dr. Walter Goodwin, CEO and founder of Fractile.

He added: “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.”