London-based AI Chip Startup Olix Raises $220M, Reaching $1B+ Valuation!

business #gpu 📝 Blog|Analyzed: Feb 11, 2026 06:04•

Published: Feb 11, 2026 05:50

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1 min read

Analysis

This is fantastic news for the AI hardware space! Olix, led by James Dacombe, is poised to make significant waves. A $1B+ valuation and a $220M raise signals strong investor confidence in the future of AI chip development.

Key Takeaways

•Olix, an AI chip startup, secured a substantial $220M in funding.
•The funding round led to a valuation exceeding $1 billion.
•James Dacombe, also CEO of CoMind, founded Olix.

Reference / Citation

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"Docs: London-based AI chip startup Olix, founded by James Dacombe, CEO of brain monitoring startup CoMind, raised $220M led by Hummingbird at a $1B+ valuation"

TechmemeFeb 11, 2026 05:50

* Cited for critical analysis under Article 32.

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