Kindred Capital VC’s Post

I am very excited to announce that Fractile has exited stealth and raised $15m in seed funding! The world’s biggest AI companies are engaged in a race to build, train and deploy the best foundational models, yet they’re held back by the limitations of the hardware they all rely on. As we enter the era of foundation models that are used by billions of people, the monetary and energy cost of running these models is extraordinary. Today’s AI chips are the biggest constraint to better performance, and we want to fix that. Fractile is taking a contrarian approach to building chips and systems for AI. By using novel circuits to execute 99.99% of the operations needed to run model inference and by shifting to in-memory compute, a Fractile system will be able to run state-of-the-art AI models 100x faster, 10x cheaper, and at a substantial power reduction. With the help of our investors - Kindred Capital VC, NATO Innovation Fund (NIF), Oxford Science Enterprises, Inovia Capital, Cocoa 🍫 and angel investors including Stan Boland and Hermann Hauser, we’re focused on expanding our team across silicon, software and AI, building commercial partnerships, and accelerating our blistering progress towards our first product. I sat down with Fortune’s Jeremy Kahn to discuss the limitations of today's AI hardware, the impact this is having on the industry, and our vision for a new kind of AI chip: https://lnkd.in/ePSp-pJq Thank you to everyone who has helped make today’s news a reality! 🚀