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UK chip startup Olix raises $312M in a Series B round led by Fundomo, tripling its valuation to $3.3BN as it prepares to launch its first chips next year.

PRIVATEAug 03, 2026•6 days ago

Amount Raised

£312 Million

Round Type

Series B

LondonInformation TechnologyArtificial Intelligence

Investors

Reed HastingsHudson River TradingArmFundomo

Description

Olix, one of the UK's hottest chip startups, has successfully raised $312M in a Series B funding round. This latest round, led by New York VC Fundomo, has tripled its valuation to $3.3 billion. Notable participants include chip giant Arm, quant trading firm Hudson River Trading, and angel investor Reed Hastings, along with increased commitments from existing investors. The funds will support Olix's efforts to bring its innovative optical digital processor to market next year.

Company Information

Company

Olix

Location

London, England, United Kingdom

About

OLIX is building the next generation of AI compute to unlock breakthrough performance as models scale to use vastly more tokens for complex problem-solving. As frontier AI becomes more sophisticated, demand is accelerating faster than today’s infrastructure can keep up. Even the most dominant players—with full-stack control across silicon, software, and supply chains—are constrained by existing architectures. Physical design and packaging limits mean GPU-based approaches can’t deliver high throughput and high interactivity at low cost at the same time. Advancing AI and making it accessible to everyone requires a new compute paradigm—one that breaks through today’s fundamental limits of memory, energy, and speed. If you enjoy working on difficult, high-impact problems, OLIX wants you on the team. We have offices in London, Austin, Toronto, San Francisco, and Bristol.

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Timeline to next round

Series B companies typically work for 15-20 months before raising new capital

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Series B companies are expected to scale rapidly and expand market reach

VC-backed spending patterns

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