OLIX

OLIX is building the infrastructure for Frontier AI

[Hudson River Trading @WeAreHRT]

We're excited to back @OLIXComputing on their Series B.

Congratulations on the raise! We're excited for what's ahead, and proud to partner with an outstanding team.

https://t.co/jOMweGhwPv

[Stevan Boljevic @StevanBoljevic]

https://t.co/Sek4wbxCS1

[Stevan Boljevic @StevanBoljevic]

The largest infrastructure build out of all time is underway to deliver the ‘AI Factories’ necessary for more powerful and plentiful AI.

There is one glaring problem with the current approach: The AI Factory is ignoring two centuries of lessons learned the hard way on how you should set-up and run a factory.

Building ever stronger one-chip-for-everything solutions can deliver short term improvements to the pareto frontier but will never produce a pareto optimal inference system that delivers a transformational step change in inference cost & performance.

The Token Factory is Missing its Production Line sets out my view on where the current approach goes wrong and outlines what we are building at @OLIXComputing .

Building the machines, the line and the line manager for the Token Factory simultaneously is hard work. It requires a team that is far broader than traditional AI accelerator companies and extremely thorough rack scale co-design, but this is what it takes to win.

Today OLIX has announced our $312m Series B. I’m grateful to the team and our investors for their hard work & support over the last two years and am immeasurably excited for the future ahead of us.

[James Dacombe @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.

[James Dacombe @jamesdacombe]

Flux is now OLIX (@OLIXComputing).

We are on a mission to build the infrastructure for frontier AI and hiring in London, San Francisco and Austin.

Join us!
https://t.co/zuRAEgFpbS

[James Dacombe @jamesdacombe]

I’m hiring a Chief of Staff to work with me across @flux_computing and @CoMind_ to drive execution and alignment across both teams. We are scaling both companies rapidly - apply below.

https://t.co/8vH0v8Fxum

[James Dacombe @jamesdacombe]

Hiring @flux_computing

At Flux we are building the infrastructure for AGI. We are developing optical tensor processing units for training and inference of large AI models, with a specific focus on reasoning models and agentic workflows.

🔨 Hardware Engineering
Process Engineer - London
Senior Analogue Engineer - London
Analogue Architect / Team Lead - London
Senior / Staff Digital Design Engineer - London
Senior / Staff FPGA Engineer - London
Digital Verification Engineer - London

🖥️ Software Engineering
Senior Software Engineer (Compiler) - London
Staff Software Engineer (Compiler) - London
Compiler Architect / Team Lead - London

Senior Product Manager - London
Senior Talent Acquisition Manager - London
Senior HR Business Partner - London

All roles are based in Kings Cross in London, and in the office full time.

[James Dacombe @jamesdacombe]

What startups are building AI tools for analog design, PCB layout, EMC/SI analysis, etc? If no one’s doing this well, happy to seed a couple of people to build a demo and then trial it at CoMind and Flux.