Fractile Closes $720M Series C at $7B Valuation to Challenge Nvidia

Fractile, a London- and Bristol-based startup building custom silicon for AI inference, closed a $720M Series C at a $7B valuation, with Anthropic as an early customer. Its DRAM-stacked design targets ~10x faster inference at lower cost and energy, first chips in 2027.
Backers: Thrive Capital, Founders Fund, Lightspeed, Redpoint, CapitalG, BlackRock, DST Global, the UK Sovereign AI Fund.
Full story: https://www.threerouter.com/blog/408
Cross-posted from ThreeRouter AI Daily.