# OLIX Computing: $312M Series B for photonic AI chips

> OLIX Computing, a London-based chip startup, raised 312 million dollars in a Series B at a 3.3 billion dollar valuation, in what is being called Europe's largest semiconductor funding round. The round was led by Fundomo Management, with participation from Arm, Hudson River Capital, and Hummingbird Ventures, and it even drew Netflix co-founder Reed Hastings as an angel investor. OLIX is chasing AI inference with photonics, using light rather than conventional electronics to move and process data. Its pitch is that a photonic SRAM architecture sidesteps the high-bandwidth memory bottleneck that constrains today's GPU-based systems, improving throughput per megawatt and lowering the total cost of running models at scale. The money funds delivery of its DX-1 chip to launch customers and the build-out of a supply chain. It is a sizable bet that the next efficiency gains in AI hardware come from rethinking the physics, not just shrinking transistors.

_Section: [AI Funding Tracker](https://www.wortins.com/funding) · Source: TechTimes · Published Wednesday, August 26, 2026_

## Wortins' read

OLIX Computing, a London-based chip startup, raised 312 million dollars in a Series B at a 3.3 billion dollar valuation, in what is being called Europe's largest semiconductor funding round. The round was led by Fundomo Management, with participation from Arm, Hudson River Capital, and Hummingbird Ventures, and it even drew Netflix co-founder Reed Hastings as an angel investor. OLIX is chasing AI inference with photonics, using light rather than conventional electronics to move and process data. Its pitch is that a photonic SRAM architecture sidesteps the high-bandwidth memory bottleneck that constrains today's GPU-based systems, improving throughput per megawatt and lowering the total cost of running models at scale. The money funds delivery of its DX-1 chip to launch customers and the build-out of a supply chain. It is a sizable bet that the next efficiency gains in AI hardware come from rethinking the physics, not just shrinking transistors.

## Source

[Read the full story at TechTimes](https://www.techtimes.com/articles/322816/20260803/olix-raises-312m-photonic-ai-chip-that-ditches-hbm-britain%E2%80%99s-biggest-semiconductor-bet.htm)

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