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James Dacombe, 25, triples AI chip start-up’s valuation to $3.3bn

British entrepreneur behind Olix raises $312mn from investors including Arm in effort to take on Nvidia

James Dacombe, 25, triples AI chip start-up’s valuation to $3.3bn

TL;DR

  • Olix, an AI chip start-up, has raised $312 million.
  • Investors include Arm.
  • The funding round tripled Olix's valuation to $3.3 billion.
  • The company aims to compete with Nvidia.

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