Chip startup Olix raises $312M, Mobilise launches investment arm, and a deep dive into July funding

UK chip startup Olix recently secured a substantial $312 million investment, bringing its valuation to an impressive $3.3 billion. In parallel, Volta raised $300 million at a $2.4 billion valuation, garnering support from tech giants Nvidia and Dell. Meanwhile, HappyRobot secured $150 million in Series C funding to expand its agentic AI capabilities for enterprise operations.

Notable acquisitions and mergers were also reported. Apple acquired PlasmaSolve, a startup specializing in durable coatings for its devices, while Rebuy closed the acquisition of Zeercle, setting its sights on entering the brick-and-mortar book trade.

Investors have shown continued interest in the tech sector, even after exits from AOL, Eventbrite, and the IPO of Bending Spoons. Bending Spoons has now embarked on its first post-IPO deal, closing a $1.3 billion acquisition by Verb Ventures.

Mobilise, a notable player in the telecom software space, has launched its own investment arm. This strategic move aims to scale telecom software companies through partnerships with other industry leaders. Additionally, White Star Capital successfully closed $250 million in Fund IV, backing global startups from Series A through B.

Looking at the broader funding landscape, European startups collectively secured €8.6 billion in funding during July, with exit activity accelerating. A total of 35 significant tech funding deals worth over €1 billion were tracked, along with five exits and related news stories across Europe. To explore these funding rounds, investor activity, company profiles, and market trends in greater detail, the free, open-access Tech.eu Funding Explorer is available for perusal.