UK-based semiconductor and AI chip startup OLIX raised $312 million in a Series B funding round.
USD valuation of OLIX following Series B round
According to the company, the Series B funding round valued OLIX at $3.3 billion.
According to the company, OLIX was founded in 2024.
According to the company, participants in the Series B funding round included Arm, Fundomo, Hudson River Trading, and Netflix co-founder Reed Hastings.
According to the company, existing investors Plural, Hummingbird Ventures, Phoenix Court, Crane, Creandum, and Transition expanded their commitments in OLIX.
Technology and expansion
According to the company, OLIX developed the X-1 platform, which unrolls AI models across multiple chips.
According to the company, the OLIX DX-1 chip is a decode accelerator designed for the output stage of large AI models with 100 billion parameters.
The DX-1 chip delivers over 10,000 tokens per second per user.
According to the company, OLIX plans to provide initial customer access to its custom silicon platform in the second half of 2027.
Leadership and previous funding
According to the company, Professor Nick McKeown, a Stanford University Professor Emeritus, has joined the OLIX board of directors.
According to the company, Matt Briers, formerly the CFO of the UK-based fintech company Wise, has been appointed as the CFO of OLIX.
According to the company, in February, OLIX secured $220 million in a Series A funding round led by Hummingbird Ventures, which valued the company at $1 billion.
