UK chip startup Olix raises £312M at £3.3BN valuation

One of the UK’s hottest chip startups has raised over $300m at a $3.3bn valuation, tripling its valuation, and plans to bring its first chips to market next year, it says. Olix , founded by 25-year-old entrepreneur James Dacombe, has raised a $312m Series B round, two years after it was founded. The new $3.3bn valuation marks more than a tripling of its $1bn valuation when it raised $220m in February this year.