AI chip specialist Fractile exits stealth with £12m seed funding

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AI chip specialist Fractile exits stealth with £12m seed funding - BusinessCloud

Quick Summary:

A key aspect is a shift to in-memory compute, which removes the need to shuttle model parameters to and from processor chips, instead baking computational operations into memory directly.

Fractile has already built a world-class team with senior hires from NVIDIA, ARM and Imagination, and has filed patents protecting key circuits and its unique approach to in-memory compute.

The round was co-led by Kindred Capital, NATO Innovation Fund, and Oxford Science Enterprises, with participation from Cocoa and Inovia Capital, together with angel investors including Hermann Hauser (co-founder, Acorn, Amadeus Capital), Stan Boland (ex-Icera, NVIDIA, Element 14 and Five AI), and Amar Shah (co-founder, Wayve).