UK AI chip company Fractile completes $220 million Series B financing According to The Wall Street Journal, UK AI chip startup Fractile announced the completion of a $220 million Series B funding round, led by Factorial Funds, Accel, and Peter Thiel's Founders Fund. The company was founded in 2022 and focuses on the research and development of AI inference chips to improve the speed of large models responding to user queries. Fractile was founded by Walter Goodwin, an engineer with a background in Oxford University. The company claims that its chip and memory architecture can improve bandwidth efficiency while reducing latency, with the goal of achieving "faster and cheaper" computing power in AI inference scenarios.