RT
@jamesdacombe: We are excited to announce OLIX's $312m Series B.
OLIX's mission is to build the infrastructure for frontier AI. Instead of forcing a single chip to do everything, we build specialised silicon and an optical network to connect it, unrolling models across racks like an assembly line. A different answer to the industry's supply chain constraints, built on components available at scale today.
Alongside the round, we have appointed Professor Nick McKeown to our board of directors. Nick is one of the defining figures of modern networking and co-invented software-defined networking, OpenFlow and P4. He is Professor Emeritus of Computer Science and Electrical Engineering at Stanford University and winner of the 2025 Marconi Prize. He co-founded several companies, including Nicira, acquired by VMware, and Barefoot Networks, acquired by Intel, where he went on to lead the company's networking business.
We have also appointed Matt Briers as Chief Financial Officer. Matt was the CFO of Wise for nine years, joining in 2015 from Google when the company had around 500,000 customers and was loss-making through taking it public in a 2021 direct listing on the London Stock Exchange. Wise’s direct listing was the first by a technology company in London and the exchange's largest technology listing, valuing Wise at £8.75 billion, approximately $12 billion. He built the finance function that carried Wise from private company to the public markets while it remained profitable throughout.