Olix

Raised $312M in a Series B round, announced 3 August 2026.

Round

Olix raised a $312 million Series B to develop its chip products and bring them to customers next year.

Amount
$312M
Stage
Series B
Announced
3 August 2026
Lead
Fundomo
Other investors
Arm, Hudson River Trading, Reed Hastings, Hummingbird Ventures, Crane, Plural, Creandum, Phoenix Court, Transition, Sovereign AI fund
Use of funds
Bring its chips to market, build out the silicon platform behind it, and fund manufacturing and supply chain commitments.
Valuation
$3.3B
Checked
Amount and date matched across 3 press sources

Company

Develops advanced chips intended to compete with Nvidia's products

Based in
London, United Kingdom
Founded
2024
Sector
Robotics & Hardware
Website
olix.com ↗

Founder

  • James Dacombefounder

Sources and links

Sources
UK AI chip startup OLIX raises €270.5 million at €2.8 billion valuation just two years after its founding | EU eu-startups.com
Olix raises $312M at $3.3B valuation from Netflix’s Reed Hastings, Arm, to build Nvidia rival techfundingnews.com
UK chip startup Olix raises $312M at $3.3BN valuation tech.eu
Website
olix.com ↗
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