By John Reynolds / Tech.eu. View the full context on Techmeme.

A UK startup developing a radically different type of computer chip has raised $30m in a reported hotly contested funding round.Cambridge-based Tendrils Compute is looking to challenge the dominance of conventional CPU and GPU architecture. Tendrils is one of several UK chip companies, along with Olix and Fractile, which investors are backing.Tendrils believes that general-purpose chips based on its computing model, called interaction nets, will scale without the cost diffilculties and historical…