James Dacombe's Olix AI Chip Startup Triples Valuation to $3.3bn With $312M Funding Round
London-based Olix, founded by 25-year-old James Dacombe, raised $312 million in a Series B round led by Fundomo, with participation from Arm, Hudson River Trading, and Netflix co-founder Reed Hastings. The funding triples the AI chip startup's valuation to $3.3bn in just six months, positioning it to compete with Nvidia using photonic interconnect technology that bypasses current supply chain bottlenecks.