Olix Secures Europe’s Largest Chip Funding Round at a $3.3 Billion Valuation
AI chip startup Olix has raised a $312 million Series B round, achieving a valuation of $3.3 billion and securing the largest venture capital funding in Europe's semiconductor sector. The London-based company more than tripled its valuation since February when it closed a $220 million Series A at around $1 billion. New investors such as Fundomo, Arm, and Hudson River Trading joined existing backers like Hummingbird Ventures and Netflix co-founder Reed Hastings. Olix is developing specialized chips for AI inference with the goal of creating faster, cheaper, and more efficient solutions than current offerings. The company plans to use its latest funding to deliver its first chip, DX-1, by late 2027 and expand its platform infrastructure. Despite a recent downturn in public semiconductor stocks due to concerns over slowing AI spending, private market enthusiasm remains strong with global investments on track for record levels. Europe is experiencing rapid growth in the sector as countries push for sovereign chip technology development. Olix's funding highlights this trend alongside other notable European deals like Axelera AI and Fractile.
Topics: AI funding_rounds semiconductors startup_growth