Olix raises $312m from Fundomo and Arm to scale artificial intelligence chip production.
The funding values the artificial intelligence hardware startup at $3.3bn as it prepares to deliver its first customer racks.
≈ £232M at $1 = £0.7435 on 3 Aug 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.
Olix has secured $312m in fresh capital, pushing its valuation to $3.3bn. The investment was led by New York firm Fundomo, with participation from Arm, Hudson River Trading, and Reed Hastings, alongside existing backers.
The company is developing the X-1 platform, which uses specialised chips and optical interconnects to handle artificial intelligence inference workloads. The capital will support the commercial launch of the DX-1 chip and expand manufacturing capacity.
Alongside the funding, Olix has appointed networking expert Nick McKeown to its board and brought in former Wise executive Matt Briers as chief financial officer.
Use of funds
- 01Continue product development
- 02Scale operations