Fractile is in advanced talks to raise about $600 million at a roughly $6.5 billion pre-money valuation, a jump of more than sixfold from its May 2026 financing, although Bloomberg reported some of the capital in the round may be priced at a lower valuation. The startup builds chips tailored for AI inference and has reached a chip supply agreement with Anthropic. Earlier reporting said Lightspeed Venture Partners and Redpoint Ventures were expected to jointly lead the financing, with Thrive Capital and Founders Fund also set to participate, though the deal remains under discussion and terms could still change. The proposed valuation highlights continued investor appetite for specialized AI hardware companies seeking to supply alternatives to dominant chip providers.