DEV Community

AI Tech Connect
AI Tech Connect

Posted on • Originally published at aitechconnect.in

OLIX Raises $312M for an Inference Chip That Skips HBM

Originally published on AI Tech Connect.

What was announced On 3 August 2026, OLIX announced a $312M Series B at a $3.3bn post-money valuation. The euro figures reported alongside it are roughly €270.5M at a €2.8bn valuation; UK coverage put the valuation at more than £2bn. The OLIX Series B, as announced on 3 August 2026. Item Detail Amount$312M Series B Valuation$3.3bn post-money LeadFundomo (New York) ParticipatingArm, Hudson River Trading, UK government Sovereign AI venture fund, existing investors increasing AngelReed Hastings, Netflix co-founder FoundedLondon, 2024 Board additionProfessor Nick McKeown, Stanford emeritus and 2025 Marconi Prize winner First customer deliverySecond half of 2027 The characterisation of this as Europe's largest-ever semiconductor funding round comes from the company and its coverage rather than…


Read the full article on AI Tech Connect →

Top comments (0)