AI Chipmaker Olix Reaches $3.3B Valuation with Investment from Arm and Reed Hastings
Olix, an AI chip startup founded by Alexander Sikov James Dacombe, has raised $312 million in a funding round led by Fundomo. The investment includes backing from Arm (ARM), Hudson River Trading, and Netflix co-founder Reed Hastings. This latest financing values the company at approximately $3.3 billion. The involvement of major players like Arm and high-profile investors such as Hastings signals strong confidence in Olix’s potential within the AI chip market. As demand for specialized hardware to support artificial intelligence applications grows, this funding is expected to accelerate Olix's development and expansion efforts.
Topics: AI semiconductors startups venture capital