Olix raises $220m in a Hummingbird Ventures-led round to scale its photonic AI chip development.
The London-based semiconductor startup secured $220m from Hummingbird Ventures and other backers to expand its team and deliver its first products by 2027.
≈ £161M at $1 = £0.7325 on 13 Feb 2026
Olix is an artificial intelligence chip startup building specialised hardware to compete with Nvidia in data centres. The company employs over 140 people across multiple international offices.
London-based semiconductor startup Olix has secured $220m in a funding round led by Hummingbird Ventures, pushing its valuation above $1bn. The investment brings the company total funding to approximately $250m since its launch in 2024.
The round also drew participation from Plural, LocalGlobe and Entrepreneurs First. The newly raised capital will support the company as it scales its headcount from 70 to over 200 employees across multiple international offices.
Olix is developing an optical tensor processing unit that combines photonics with static random-access memory to handle AI inference tasks. The company plans to begin shipping its first silicon products to customers by 2027.
Use of funds
- 01Grow the team
