London AI Chip Startup OLIX Raises €270.5 Mn Series B at $3.3 Billion Valuation

The funding round included investments from Fundomo, Arm, and Hudson River Trading. Angel investors, including Netflix co-founder Reed Hastings, also participated. Existing investors increased their investments in the company.

Along with the funding, Professor Nick McKeown has joined OLIX's Board of Directors. He is a Professor Emeritus at Stanford University and the winner of the 2025 Marconi Prize.

The company has also appointed Matt Briers, a former Wise executive, as its new Chief Financial Officer (CFO). These leadership additions will help support OLIX's next stage of growth.

OLIX believes the industry’s approach to building AI inference hardware is reaching its efficiency limits. “A datacenter is a factory whose product is the token. Producing a single token takes hundreds of operations, each placing different demands on hardware. Any other factory would give each stage a machine built for it. Instead, the token factory runs every stage on the same general-purpose chip. Each new chip generation has improved by pushing single-chip specifications higher: an even better generalist but never a specialist,” the startup explained.

OLIX is an AI chip startup that builds technology to support advanced AI inference, helping AI models process and generate responses faster and more efficiently.

Founded in London in 2024, OLIX designs its own AI chips, lasers, and networking technology. The company delivers complete AI server racks built to handle the most demanding AI workloads.

Read Also- Aflabox Secures €1.35 Million Seed Round to Transform Food Safety with AI