{
  "id": 80632,
  "title": "UK chip startup Olix raises $312M at $3.3BN valuation",
  "url": "https://urgent.news/2026/08/03/uk-chip-startup-olix-raises-312m-at-3-3bn-valuation",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-03T09:30:00.000Z",
  "source": {
    "name": "Tech.eu",
    "slug": "tech-eu",
    "url": "https://tech.eu/2026/08/03/uk-chip-startup-olix-raises-ps312m-at-ps33bn-valuation/"
  },
  "original_language": "en",
  "account": null,
  "summary": "The UK chip startup Olix has raised $312 million in a Series B round, bringing its valuation to $3.3 billion, a more than tripling of its previous $1.2 billion valuation. Founded by 25-year-old entrepreneur James Dacombe, the company plans to launch its first products next year. The round was led by New York VC Fundomo, with participation from chip giant Arm, quant trading firm Hudson River Trading, and angel investors including Reed Hastings, co-founder of Netflix. The new investment will be used to bring Olix's chips to market, build out the silicon platform, and fund manufacturing and supply chain commitments. Olix is developing an optical digital processor with a novel memory and interconnect architecture compatible with current AI models and supporting AI inference workloads, aiming to challenge Nvidia's dominance in the industry.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Sifted",
        "title": "James Dacombe’s Olix raises at $3.3bn valuation",
        "url": "https://urgent.news/2026/08/03/james-dacombes-olix-raises-at-3-3bn-valuation",
        "published": "2026-08-03T10:48:46.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}