James Dacombe’s Olix raises at $3.3bn valuation

Olix, the UK-based AI chip startup founded by 25-year-old James Dacombe, has raised $312m in a round led by New York-based investment firm Fundomo. Chipmaker Arm, Hudson River Trading and Netflix cofounder Reed Hastings also backed the round.

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James Dacombe’s Olix raises at $3.3bn valuation

The 25-year-old’s company has tripled its valuation to $3.3bn since it raised $220m in February this year

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James Dacombe’s Olix raises at $3.3bn valuationself.__wrap_b(":R1acta6:",0.7)

The 25-year-old’s company has tripled its valuation to $3.3bn since it raised $220m in February this yearself.__wrap_b(":R1qcta6:",1)

Sifted Daily newsletter

James Dacombe’s Olix raises at $3.3bn valuation

The 25-year-old’s company has tripled its valuation to $3.3bn since it raised $220m in February this year