OLIX Secures $312M in Series B Funding at $3.3B Valuation
UK-based semiconductor startup OLIX has raised $312 million in a Series B funding round, valuing the company at $3.3 billion. The investment is led by Arm and Fundomo, with participation from Hudson River Trading and Netflix co-founder Reed Hastings among others. Existing investors also increased their stakes. OLIX specializes in AI inference hardware, offering end-to-end systems that include custom chips, lasers, and optical interconnects designed to improve efficiency over traditional general-purpose solutions. The company's X-1 platform uses a novel approach by assigning each chip to handle specific computational stages of an AI model using light-based data transfer. OLIX’s first product, the DX-1 decode accelerator, is optimized for large models with 100 billion parameters and claims performance exceeding 10,000 tokens per second per user while reducing energy consumption. The new funding will be used to finalize the DX-1 chip and expand its silicon platform. OLIX plans initial customer access by late 2027 and is hiring across multiple global locations.
Topics: AI Investment Semiconductors Startups