British AI chip company Fractile has raised $220 million in Series B funding.

CoinFeed reported on May 14th that, according to the Wall Street Journal, UK-based 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. Founded in 2022, the company focuses on developing AI inference chips to improve the speed at which large models respond to user queries. Founded by Walter Goodwin, an engineer with an Oxford University background, Fractile states that its chip and memory architecture can reduce latency while improving bandwidth efficiency, aiming to achieve "faster and cheaper" computing power in AI inference scenarios.