Fractile Secures $15M for Innovative AI Chip Development
Fractile, a pioneering developer based in London, UK, has made headlines with its recent achievement of securing $15 million in Seed funding for the advancement of its groundbreaking AI chip designed specifically for artificial intelligence models. This funding round was prominently led by Kindred Capital, NATO Innovation Fund, and Oxford Science Enterprises, all of which are known for their strong support of technology-led innovation. Notable participants also included Cocoa and Inovia Capital, alongside esteemed angel investors such as Hermann Hauser, co-founder of Acorn and Amadeus Capital, Stan Boland, who has an impressive background with Icera, NVIDIA, and Element 14, as well as Amar Shah, co-founder of Wayve. With this new influx of capital, Fractile has now raised a total of $17.5 million (£14 million) to date, illustrating its growing potential in the AI landscape.
Founded in 2022 by Walter Goodwin, Fractile is focused on creating a new AI chip capable of effectively running various AI models.
The company’s innovative computing technology is designed to enhance the capabilities of collective AI systems by enabling large and sophisticated neural networks to operate with increased speed, efficiency, and sustainability. Walter Goodwin's academic background includes a PhD in Artificial Intelligence and Robotics from the University of Oxford, where his research concentrated on utilizing early large language models and other foundational technologies to develop intelligent systems tailored for general-purpose robotics. With a strong academic foundation, Goodwin is steering Fractile towards promising horizons in AI advancement.
Since its inception, Fractile has made significant strides in building a competent team, attracting senior talent from prestigious companies like NVIDIA, ARM, and Imagination. The company has also prioritized intellectual property by filing patents that protect critical circuits and their innovative approach to in-memory compute. Currently, Fractile is engaged in discussions with potential partners and anticipates finalizing partnerships ahead of the production phase for its first commercial AI accelerator hardware. With a clear vision and robust support from investors and partners alike, Fractile is poised to make a substantial impact on the AI industry in the coming years.
They've invested in Fractile
Get to know these AI investors
| # | Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|---|
1 |  Kindred Capital | 9 investment(s) investment(s) | more info | |||
2 |  NATO Innovation Fund | 3 investment(s) investment(s) | more info | |||
3 |  Oxford Science Enterprises | 21 investment(s) investment(s) | more info | |||
4 |  Cocoa | 1 investment(s) investment(s) | more info | |||
5 |  Inovia Capital | 1 investment(s) investment(s) | more info |
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