The UK government announced on November 11, 2026 that its Sovereign AI Venture Fund and the British Business Bank are backing Fractile in a Series C round worth more than £500 million, valuing the London- and Bristol-based AI chip startup at more than £5 billion. CapitalG, Lightspeed and Redpoint are also investing. The British Business Bank said its backing is intended to help Fractile access long-term capital to scale its AI hardware technology in the UK, while Business Secretary Jonathan…
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Fractile Secures Over £500M in Series C With UK State Backing