UK-based Olix has secured $220M in funding led by Hummingbird Ventures, reaching a $1B valuation as...
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The article introduces a new hardware player (Olix) targeting architectural bottlenecks in the AI stack by integrating photonics with SRAM to bypass HBM constraints.
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UK-based Olix has secured $220M in funding led by Hummingbird Ventures, reaching a $1B valuation as Europes newest AI unicorn. The startup is developing an Optical Tensor Processing Unit that integrates photonics with SRAM to bypass the industrys reliance on supply-constrained High Bandwidth Memory. By removing architectural bottlenecks, Olix aims to deliver inference chips that are faster and more cost-effective than current benchmarks by 2027. This shift toward supply-chain-resilient hardware addresses a critical systemic vulnerability in global AI scaling. 🚀