a year ago

Fractile Secures €13.8 Million Seed Funding for Innovative AI Chip

  • Fractile, a UK-based company developing a revolutionary AI chip, has raised €13.8 million in seed funding led by Kindred Capital, NATO Innovation Fund, and Oxford Science Enterprises

  • The company's unique in-memory compute approach aims to deliver significant performance enhancements for AI models, resulting in faster and more cost-effective inference

  • Fractile's technology is designed to be 100x faster and 10x cheaper than current solutions, enabling broader adoption and exploration of new AI applications

  • The funding will support team growth and accelerate the development of Fractile's first commercial AI accelerator hardware.

      • ProblemTechnology

      "AI models are getting bigger and more complex, leading to slower inference speeds and higher costs. Existing hardware struggles to keep up with this growth, limiting the performance, adoption, and potential of AI. "

      Solution

      "Fractile has developed a new AI chip that uses a novel approach to in-memory compute, achieving significantly faster inference speeds and lower costs than traditional chips. Their technology is also more energy efficient, enabling a larger scale and wider adoption of AI."

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