Dragoneer

“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”

“firms like Menlo Ventures and Dragoneer scored very well thanks to their heavy concentration in AI and especially in major deals like Anthropic.”