UK-based deeptech Fractile has £5M in funding from the Advanced Research + Invention Agency (ARIA) programme. Fractile is one of 12 projects to receive an award; ARIA is handing out almost £50M in total.
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 hardware. ARIA was created by an Act of Parliament and is sponsored by the Department for Science, Innovation, and Technology - funding projects across the full spectrum of R&D disciplines, approaches, and institutions looking at how technology can enable a better future and that can prove critical for the UK in the long-term.
Founded in 2022 by 28-year-old AI PhD, Walter Goodwin, Fractile's team features senior hires from NVIDIA, ARM and Imagination. In July, the company raised $15M (£12M) led by Kindred Capital, NATO Innovation Fund, and OSE.
The Scaling Compute programme brings together a wide-ranging group of experts in AI systems, mixed-signal CMOS circuits, and advanced networking. Their goal is to increase and open up new vectors of progress in the field of computing by bringing the cost of AI hardware down by 1000 times.
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