London-based start-up Fractile is in talks to raise more than $200mn as part of a growing group of UK chip companies seeking to challenge Nvidia’s dominance.
Fractile, backed by former Intel chief executive Pat Gelsinger and Nato’s Innovation Fund, is in discussions with investors including venture capital firm Accel to raise new funding at a $1bn valuation, according to people familiar with the matter.
A deal has not yet been finalised and talks could still change, they added.
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