Key facts
- Fractile is seeking a pre-money valuation of $6.5 billion.
- The company aims to raise approximately $600 million in its latest funding round.
- This valuation is more than six times higher than its May valuation.
- Fractile has a deal to supply chips to Anthropic.
Fractile, a startup specializing in artificial intelligence chips, is reportedly in advanced discussions to secure funding at a pre-money valuation of $6.5 billion. This would represent a significant increase, more than six times higher than the valuation achieved in its May funding round. The company anticipates raising approximately $600 million in this new round, which includes some investments made at a lower valuation. Fractile's valuation surge follows a strategic deal to supply its specialized chips to Anthropic PBC, a prominent artificial intelligence company.