Overview
- Olix closed a $312 million Series B at a $3.3 billion valuation on Monday, more than tripling its value since a $220 million Series A in February 2026.
- The round was led by Fundomo with participation from Arm, Hudson River Trading and angel investor Reed Hastings, and returning investors increased their commitments.
- Olix plans to use the funds to finish its DX‑1 decode accelerator, expand the X‑1 photonic inference platform and recruit engineers across London, Bristol, Austin, Toronto and San Francisco ahead of initial customer access in H2 2027.
- The company says DX‑1 and its optical interconnects avoid high‑bandwidth memory, use light instead of copper to move data and can deliver higher tokens‑per‑watt for decode workloads, claims that are currently unproven at production scale.
- Photonic computing faces persistent manufacturing and yield challenges that leave Olix pre‑revenue and place real-world performance, supply‑chain readiness and chip yields as the decisive tests for the company and its investors.