OLIX
Summary active Updated Aug 3, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Investors
Founders
About
OLIX is a London-based AI chip startup building infrastructure for frontier AI inference 12. Its first product, the DX-1, is a decode accelerator designed for AI inference workloads and is part of OLIX’s X-1 platform, which distributes AI models across multiple chips to improve performance and energy efficiency 12. The company was founded in 2024 by James Dacombe and plans to bring its first AI systems to customers by H2 2027 12.
Disclaimer: This is a lean profile built from initial round coverage and may be expanded as more information becomes available.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-08-03 | Series B | €270.5M | Fundomo | Arm, Hudson River Trading, Reed Hastings, UK Sovereign AI Fund 123 |
The Series B was raised at a €2.8 billion post-money valuation 12. Existing investors also increased their commitments in the round 1.
What Investors Say
No independently sourced investor commentary beyond press-release attribution at this time.
What Founders Say
No independently sourced founder quotes available at this time.
Sources
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EU-Startups, “UK AI chip startup OLIX raises €270.5 million at €2.8 billion valuation just two years after its founding,” August 3, 2026. Accessed August 2026. https://www.eu-startups.com/2026/08/uk-ai-chip-startup-olix-raises-e270-5-million-at-e2-8-billion-valuation-just-two-years-after-its-founding/↩↩↩↩↩↩
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Data Center Dynamics, “Chip startup Olix raises $312m at $3.3bn valuation, backed by UK gov’t Sovereign AI venture fund,” August 3, 2026. Accessed August 2026. https://www.datacenterdynamics.com/en/news/chip-startup-olix-raises-312m-at-33bn-valuation-backed-by-uk-govt-sovereign-ai-venture-fund/↩↩↩↩↩
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UKTN, “UK chip firm OLIX valued at more than £2bn after major investment,” August 3, 2026. Accessed August 2026. https://www.uktech.news/ai/uk-chip-firm-olix-valued-at-more-than-2bn-after-major-investment-20260803↩