Fractile, a burgeoning UK-based startup, has recently secured £12 million in seed funding to advance its revolutionary AI chip technology.
With this latest investment, spearheaded by Kindred Capital, the NATO Innovation Fund, and Oxford Science Enterprises, Fractile’s total funding now stands at £14 million.
AI performance today is held back by existing chip technologies. Most companies use chips suited for training language models but not for inference. This makes running AI models costly and less efficient, with limited future capabilities. Fractile seeks to transform this with a unique approach to AI chip design focused on optimising inference.
Founded by AI enthusiast Walter Goodwin, Fractile is positioned to disrupt the market with its cutting-edge chip, promising speeds up to 100 times faster and 10 times more cost-efficient than current technology.
The chip’s power efficiency, with 20 times better TOPS/W, means more users can benefit without raising costs. This is especially beneficial when processing language models, enabling more data throughput.
Fractile’s funding is bolstered by notable figures like Hermann Hauser and Stan Boland, showcasing strong belief in the company’s potential.
The investment is a testament to Fractile’s capability to address AI sector needs, paving the way for advanced technological development and robust team expansion. Fractile is set to enhance AI utilisation through creative hardware solutions.
NVIDIA currently dominates AI chip manufacturing, but Fractile’s innovative design might challenge this lead by offering enhanced performance and lower operational costs.
Dr. Goodwin articulates, “The constraint of existing hardware is the main barrier to AI evolution. Fractile’s solutions change the landscape by offering incredible speed and cost improvements, broadening AI application potential.”
John Cassidy of Kindred Capital notes the rapid AI development as a major challenge for hardware adaptation, emphasising Fractile’s strategic foresight in technological evolution.
Andrea Traversone of NATO Innovation Fund underscores AI’s significance for security and resilience, lauding Fractile’s role in enhancing computational efficiencies.
Fractile’s disruptive technology promises to redefine the AI chip market, empowering research and application growth in diverse fields.
Stan Boland highlights Fractile as a future leader in AI technology, pointing to its stellar team and responsive product development tailored to market needs.
Fractile stands out with its bold technological approach, ready to outpace current market leaders like NVIDIA.
With significant investor backing and innovative designs, Fractile is poised to make a substantial impact on AI hardware capabilities.
Fractile is not just innovating; it is setting the stage for next-generation AI solutions.
Its breakthrough in chip technology signifies a promising future where AI performance is enhanced, and costs are lowered, offering a new frontier in AI possibilities.
