25-Year-Old James Dacombe Triples Olix Valuation to $3.3bn with $312m Funding Round
James Dacombe's AI chip startup Olix raised $312m in a funding round led by Fundomo, with backing from Arm, Reed Hastings and Hudson River Trading. The deal triples Olix's valuation to $3.3bn in just six months, positioning the London-based company to compete with Nvidia using specialized chips that bypass current supply chain bottlenecks.