# Fractile raises $720M at reported $7B valuation

_Published Wednesday, November 11, 2026 at 8:54 AM EST · Capital, AI · Latest · Tier 2 — Notable_

London-based AI chip startup Fractile raised $720M from Thrive, Founders Fund and other investors, the Financial Times reported, citing sources. The funding values the company at $7B after the investment, up from approximately $1.1B in May. Fractile develops custom semiconductors for AI.

## Sources

- [Techmeme](https://www.techmeme.com/261111/p25#a261111p25)

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Canonical: https://techandbusiness.org/newswire/XESC-xP8CszqjNq5W8NTAv
Published: 2026-11-11T13:54:47.185Z
Story chronology: 2026-11-11T13:20:56.000Z
Retrieved: 2026-11-11T15:44:51.478Z
Publisher: Tech & Business (techandbusiness.org)