Olix

Olix

Olix is a London-based AI chip startup focused on developing specialized inference hardware. The company aims to compete with Nvidia by creating the X-1 platform, which utilizes a flexible compute fabric and optical interconnects to enhance AI model processing efficiency. With a recent funding round, Olix's valuation has surged to $3.3 billion, reflecting strong investor confidence in its innovative technology.

Total raised
$602M
across 2 rounds
Latest round
Series B
Aug 3, 2026
Known investors
11
led by UK Sovereign AI
Press coverage
16
outlets tracked

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🏆 Featured in Datapile’s Q3 2026 UK Funding Report

Read the Q3 2026 UK report →
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<a href="https://datapile.co/reports/q3-2026-uk-startup-funding" target="_blank" rel="noopener" style="display:inline-flex;align-items:center;gap:8px;padding:9px 16px;border-radius:9999px;background:#0B1224;color:#ffffff;font:600 13px/1.2 -apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,Arial,sans-serif;text-decoration:none;border:1px solid #7C5CFF"><span style="display:inline-block;width:11px;height:11px;border-radius:3px;background:#7C5CFF"></span>Featured in Datapile&rsquo;s Q3 2026 UK Funding Report</a>

Funding history

  1. 2
    $290MSeries BAug 3, 2026

    Led by UK Sovereign AI, Fundomo, UK government Sovereign AI venture fund

    Announcement ↗
  2. 1
    $312MSeries BAug 3, 2026
    Announcement ↗

Founder

James Dacombe
James Dacombe
Founder

Investors in Olix

Backers from this company's tracked funding rounds.

  • UUK Sovereign AILead investorVC firm
  • FFundomoLead investorVC firm
  • AArmVC firm
  • HHudson River TradingVC firm
  • RReed HastingsAngel
  • HHummingbird VenturesVC firm
  • CCraneVC firm
  • PPluralVC firm
  • CCreandumVC firm
  • UUK government Sovereign AI venture fundLead investorVC firm
  • PPhoenix CourtVC firm

Olix in the news

Coverage of this company's funding, tracked by Datapile.

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