Olix

Investor: UK government's Sovereign AI fund, Fundomo, Arm, Hudson River Trading, Reed Hastings

Investor: Fundomo, Arm, and Hudson River Trading

London-based AI hardware startup OLIX has secured $312m (£231.8m) in a Series B funding round at a post-money valuation of $3.3bn (£2.45bn) to accelerate the deployment of its custom inference silicon platform.Summary of transaction details:Value: $312m (£231.8m)Sector: DeepTech & AIAdvisor: None disclosedKey Entities: OLIX, Fundomo, Arm, Hudson River Trading, Sovereign AI venture fundLocation: London, United KingdomNote: The capital will support the delivery of OLIX's DX-1 decode accelerator to customers by H2 2027 and fund engineering expansion across the UK, North America, and international markets.

Investor: Hummingbird Ventures