Olix Raises $312M at $3.3B Valuation to Challenge Nvidia
Get the Tech newsletter
Daily tech — startups, AI labs, chips, the launches that shape the next decade. Free.
- Olix raised $312M in a round led by Fundomo with Arm participating, reaching a $3.3B valuation — up from $1B+ after its $220M round in February.
- Arm backed the London-based startup alongside Fundomo, with the company led by a British entrepreneur explicitly aiming to compete with Nvidia in AI chips.
Why it matters: Olix's valuation more than tripled in months — from $1B+ to $3.3B — while its stated ambition is directly challenging Nvidia, and securing Arm (a chip designer competing with Nvidia in other segments) as an investor signals semiconductor industry credibility for the UK challenger.
