PANews
PANews|Aug 19, 2026 23:50
[AI Chip Startup Fractile Seeks $600 Million Funding at $6.5 Billion Valuation] According to Bloomberg, sources familiar with the matter revealed that AI chip startup Fractile is seeking to raise approximately $600 million at a pre-money valuation of $6.5 billion. Lightspeed Venture Partners and Redpoint Ventures will co-lead the investment, with Thrive Capital and Founders Fund also participating. The sources noted that the negotiations for this round are not yet finalized, and details may still change. The company completed a $220 million funding round three months ago, with a valuation of approximately $1 billion. Fractile has reached a preliminary agreement with Anthropic to sell approximately $250 million worth of chips, with delivery expected in 2027.
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