CapitalG backs Fractile's Series C of more than £500 million

The UK government said on 11 Nov 2026 that Alphabet's CapitalG joined Fractile's Series C, a round worth more than £500 million that values the Bristol and London AI-chip company at over £5 billion. The announcement also names Lightspeed and Redpoint and does not disclose CapitalG's investment size. TechCrunch reported the round at $720 million, led by Thrive Capital, Founders Fund, Lightspeed and Redpoint, and said chief executive Walter Goodwin expects the first chips and systems next year.