OLIX RAISES $312M AT $3.3B VALUATION

AI DESK■ 1 MIN READ

MON, AUG 3, 2026

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London-based AI chip startup Olix secured $312 million in Series B funding led by Fundomo, with participation from Arm. The round values the company at $3.3 billion, more than tripling its valuation from February's $1 billion+ Series A.

Olix, founded by British entrepreneur, is building AI chips to compete with Nvidia's dominance in the sector. The startup raised $220 million just four months ago, demonstrating rapid investor confidence in its technology and market opportunity. Arm's participation signals established chip industry backing for Olix's approach. The funding will support product development and manufacturing scale-up as demand for specialized AI hardware accelerates. The London startup joins a growing wave of AI chip startups attracting substantial venture capital. Companies like Cerebras, Graphcore, and others are challenging Nvidia's market leadership with custom silicon designed for AI workloads. Olix's tripled valuation in six months reflects broader investor appetite for alternative chip solutions amid AI infrastructure buildout and supply chain concerns around established players.

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OLIX RAISES $312M AT $3.3B VALUATION

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