Olix

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 & AI
• Advisor: None disclosed
• Key Entities: OLIX, Fundomo, Arm, Hudson River Trading, Sovereign AI venture fund
• Location: London, United Kingdom

Note: 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.