Observed Signal · Oct 25, 2024 · Funding · Source: Tech.eu · Impact: 2/5 · Sentiment: Positive
Fractile gets £5M from ARIA Scaling Compute programme
UK-based deeptech startup Fractile has received £5 million from the Advanced Research + Invention Agency (ARIA) as part of its Scaling Compute programme. The programme, which distributes nearly £50 million across 12 projects, aims to reduce the cost of AI hardware by up to 1000 times. Fractile, founded in 2022 by AI PhD Walter Goodwin, builds AI hardware and has previously raised $15 million from Kindred Capital, NATO Innovation Fund, and OSE. The team includes senior hires from NVIDIA, ARM, and Imagination. This funding supports Fraactile's efforts in mixed-signal CMOS circuits and advanced networking for AI systems.
UK deeptech startup receives £5M grant for AI compute scaling, contributing to AI infrastructure development but not a major industry shift.
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Key Takeaways & Evidence Grounding
- Fractile received £5 million from ARIA's Scaling Compute programme.
- ARIA is distributing nearly £50 million among 12 funded projects.
- Fractile was founded in 2022 by Walter Goodwin, an AI PhD.
- In July 2024, Fractile raised $15 million from Kindred Capital, NATO Innovation Fund, and OSE.
- The Scaling Compute programme aims to reduce AI hardware costs by 1000 times.
Connected Companies & Entities
3 Entities mapped“ARIA's programme, Scaling Compute, aims to increase and open up new vectors of progress in the field of computing by reducing the cost of AI...”
“Fractile's team features senior hires from NVIDIA, ARM and Imagination....”
“Fractile's team features senior hires from NVIDIA, ARM and Imagination....”
Ontology Mapping & Concepts
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