Olix Computing, a London-based AI hardware startup, raised $312 million in Series C funding led by Netflix co-founder Reed Hastings and Arm Holdings, valuing the company at $3.3 billion. The company is developing the DX-1 chip optimized for LLM inference decode workloads, which it plans to ship in the first half of 2027 as part of an X-1 data center appliance using optical interconnects. Olix's approach stores large KV caches in on-chip SRAM memory rather than slower off-chip HBM, targeting throughput of over 10,000 tokens per second for 100-billion-parameter models.
Olix, a UK AI chip startup founded by James Dacombe, raised $312m at a $3.3bn valuation from investors including Fundemo, Arm, and Netflix cofounder Reed Hastings. The company tripled its valuation from $1bn in February and plans to tape out chips later this year with first products reaching customers in 2025. Olix aims to build faster and cheaper AI chips than Nvidia's by avoiding components in short supply, positioning itself in the competitive AI infrastructure market alongside other European chip startups.
UK AI chip startup Olix raised $312 million in Series B funding, bringing its valuation to $3.3 billion just six months after reaching unicorn status at $1 billion in February. The company's DX-1 decode accelerator chip aims to deliver over 10,000 tokens per second per user for 100 billion parameter models while avoiding reliance on scarce high-bandwidth memory components. The funding, backed by Arm, Netflix co-founder Reed Hastings, and the UK government's Sovereign AI fund, will support first customer deliveries in the second half of 2027.
Olix, a UK chip startup founded by 25-year-old James Dacombe, raised $312 million at a $3.3 billion valuation, more than tripling its worth from February's $1 billion. The company plans to deliver its first optical digital processors designed for AI inference workloads to customers in 2025 and will sell them as integrated server racks. Olix's specialized chip architecture aims to challenge Nvidia's dominance by optimizing different stages of AI token generation rather than relying on general-purpose processors.
Olix, a London-based AI chip startup founded in 2024, raised $312 million at a $3.3 billion valuation from investors including Netflix co-founder Reed Hastings and chip designer Arm. The company's valuation tripled from $1.1 billion in February, and it added networking expert Nick McKeown to its board and hired Matt Briers as CFO. Olix plans to deliver its first customer racks in the second half of 2027, with its DX-1 decode accelerator chip claimed to deliver over 10,000 tokens per second per user for 100-billion-parameter models.
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