British Business Bank

“Fractile, a British AI chip startup, raised £540m in Series C funding at a valuation north of £5b.”

“Fractile, a four-year-old London startup that designs chips that run AI models while keeping data directly on the processor, raised an approximately $720 million Series C round at a $7 billion post-money valuation. The deal was co-led by Thrive Capital, Founders Fund, Lightspeed, and Redpoint”

“raised a $133 million Series B round co-led by Advent Life Sciences and British Business Bank.”