
The VETTDD 50 · UK startups · 2026
James Dacombe
Founder and CEO, Olix · olix.com ↗
AI inference runs on general-purpose chips that depend on scarce high-bandwidth memory. Olix’s founder has raised $532m in six months to build specialist chips, linked by light, that need none
- Series B, August 2026
- $312m
- valuation at the Series B
- $3.3bn
- staff across the UK, US and Canada
- 140+
- target for first DX-1 customer deliveries
- H2 2027