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
London-based Olix targets development of AI chips that are faster and cheaper than Nvidia's — A 25-year-old British entrepreneur …
1/ Very happy to share that I'm leading @pluralplatform's investment into @OLIXComputing as part of the $250m the company has raised, alongside our friends at @HummingbirdVC, @vertexventures, @join_ef and @localglobevc.
2/ The world needs vastly more compute, and the hardware we have today is reaching a physical wall. This isn't just Moore's Law slowing down. AI inference is bottlenecked by how fast data can move through the processor, not just by how much raw compute can fit onto a chip.
A 25 year-old Thiel fellow from the UK has raised $220m to build AI chips that are faster and cheaper than NVIDIA's. This means Europe's newest unicorn is a CHIP COMPANY. @jamesdacombe is the founder of @CoMind_ and OLIX, the chip company that has become Europe's latest unicorn