Chip startup Fractile's latest round of financing landed, and its valuation soared to $7 billion. The company proposed a new set of semiconductor design ideas to attract well-known investors from Silicon Valley. The company, which was founded only four years ago, has quickly become one of the most highly valued startups in the UK. The company is headquartered in London and develops its own AI chips equipped with customized memory. Fractile was founded in 2022 and raised a total of US$720 million in this round of financing. Investors include ThriveCapital, FoundersFund, Conviction, Google's independent venture capital division CapitalG, and LightSpeedVenturePartners. People familiar with the matter revealed that the post-investment valuation was 7 billion US dollars after the current round of financing was completed, while the valuation was only about 1.1 billion US dollars at the time of the last round of financing in May this year. According to people familiar with the matter involved in the negotiations, Anthropic intends to be one of the first customers of Fractile chips. Currently, many startups are developing AI-specific chips. The goal is to create faster and lower cost computing power products than Nvidia's mainstream GPUs to seize the explosive demand for AI computing power.

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