OLIX raises $312m and appoints Nick McKeown

OLIX has announced a $312m Series B financing round, a $3.3bn valuation, and the appointment of Professor Nick McKeown to its board.

• The round included Fundomo, Arm and Hudson River Trading, plus angel investor Reed Hastings, while existing investors Hummingbird Ventures, Crane, Plural, Creandum, Phoenix Court and Transition increased commitments.
• OLIX said the funding will support delivery of DX-1 to first customers by H2 2027 and the build-out of its custom silicon platform, manufacturing and supply chain commitments; the company is hiring in London, Bristol, Austin, Toronto and San Francisco.