Olix - About the company
Olix is a series B company based in London (United Kingdom), founded in 2024 by Shaurya T. It operates as a Developer of specialized hardware infrastructure for high performance artificial intelligence. Olix has raised $562M in funding from Hummingbird Ventures, with a current valuation of $3.3B. The company has 23 active competitors, including 10 funded and 5 that have exited. Its top competitors include companies like Nvidia, Lightmatter and Ayar Labs.
Sectors and market segments that Olix operate in
Olix serves in the High Tech, Native AI market segments.The primary business model of Olix are:Company Details
Developer of a new compute paradigm for frontier artificial intelligence. It focuses on overcoming the limits of memory, energy, and speed in current systems. The company aims to scale an SRAM-architecture integrated with photonics. This architecture is intended to surpass HBM-based architectures on throughput and TCO. It also seeks to outperform silicon-only SRAM-architectures in interactivity and latency.
- Website
- olix.com
- Social
- Email ID
- *****@olix.com
Key Metrics
Founded Year
2024
Location
London, United Kingdom
Stage
Series B
Total Funding
$562M in 3 rounds
Latest Funding Round
Post Money Valuation
$3.3B as on Aug 03, 2026
Investors
Ranked
7th among 23 active competitors
Employee Count
149 as on Sep 30, 2026
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Olix's funding and investors
Olix has raised a total funding of $562M over 3 rounds. Its first funding round was on 2025. Its latest funding round was a Series B round on Aug 03, 2026 for $312M. 10 investors participated in its latest round. Olix has 13 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Olix:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 03, 2026 | $312M | Series B | - | - | - | |
Feb 12, 2026 | $220M | Series A | - | - | ||
2025 | Undisclosed | Seed | - | - | - |
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Olix's founders and board of directors
Founder? Claim ProfileHere are the details of Olix's key team members:
- Shaurya T: Founder & CEO of Olix.
View details of Olix's Founder profiles and Board Members
Olix's employee count trend
Olix has 149 employees as of Sep 26. Here is Olix's employee count trend over the years:
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Olix's Competitors and alternates
Top competitors of Olix include Nvidia, Lightmatter and Ayar Labs. Here is the list of Top 10 competitors of Olix, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Nvidia 1993, Santa Clara (United States), Public | Developer of hardware and software solutions for artificial intelligence computing | $5M | 82/100 | |
2nd | Lightmatter 2017, Boston (United States), Series D | Developer of photonic interconnects and co-packaged optics for AI infrastructure | $850M | 70/100 | |
3rd |  Ayar Labs 2015, San Jose (United States), Series E | Developer of optical interconnect solutions for artificial intelligence infrastructure applications | $1.02B | 67/100 | |
4th |  Celestial AI 2020, Santa Clara (United States), Acquired | Developer of optical interconnect technology for artificial intelligence infrastructure systems | $589M | 66/100 | |
5th |  Expedera 2018, Santa Clara (United States), Series B | Provider of AI accelerators | $38M | 59/100 | |
6th | Mithril 2022, Palo Alto (United States), Series A | Operator of an AI omnicloud platform providing compute and batch inference | $80M | 54/100 | |
7th |  Olix 2024, London (United Kingdom), Series B | Developer of specialized hardware infrastructure for high performance artificial intelligence | $562M | 52/100 | |
8th | Oculi 2016, Columbia (United States), Seed | Provider AI-based sensor processor | - | 50/100 | |
9th | Provider of ultra-low power optical interconnect solutions for HPC | $14.8M | 47/100 | ||
10th | BrainChip 2013, California (United States), Acquired | Developer of neural processing AI platform units for edge applications | - | 40/100 |
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Olix's Investments and acquisitions
Olix has made no investments or acquisitions yet.
Reports related to Olix
Here is the latest report on Olix's sector:
News related to Olix
Media has covered Olix for a total of 5 events in the last 1 year, 1 of them has been about company updates.
•
London AI Chip Startup OLIX Raises €270.5 Million Series B at $3.3 Billion ValuationStartup Rise EU•Aug 04, 2026•Arm, Fundomo, HRT, Netflix and 10 others
•
Sovereign AI backs OLIX in nine-figure funding round, valuing UK chip designer at over $1bnInsider Media•Aug 04, 2026•Olix
•
OliX’s OLX501A Demonstrates Greater Visceral Fat Reduction Relative to a Global Comparator in Obese Non-Human PrimatesBusiness Wire•Jul 30, 2026•Olix
•
UK Startup Olix Secures $220M to Advance Photonic AI Chip DevelopmentNew Electronics•Feb 12, 2026•Olix, Hummingbird Ventures
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