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Olix raises $312 million at $3.3 billion valuation for AI inference chip development

Funding Provisional 95% confidence first seen

UK-based chip startup Olix secured $312 million in funding at a $3.3 billion valuation, more than tripling its worth from $1 billion in February. The company, founded by James Dacombe, plans to deliver optical digital processors optimized for AI inference workloads to customers in 2025, positioning itself as a competitor to Nvidia's dominance in AI chip infrastructure.

James Dacombe Olix Arm Fundemo NVIDIA Netflix Reed Hastings

The deal

Olix $312 million Late stage · announced 3 Aug 2026

Investors Fundemo Arm Reed Hastings

Deal terms as reported in the coverage below.

Source coverage

UK chip startup Olix raises $312M at $3.3BN valuation Tech.eu independent James Dacombe’s Olix raises at $3.3bn valuation Sifted independent

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