OLIX RAISES $312M AT $3.3B VALUATION, APPOINTS NICK MCKEOWN TO BOARD

Summary from the TLDR Hardware newsletter

Optical networking startup OLIX has secured a $312 million Series B funding round at a $3.3 billion valuation to accelerate its specialized AI inference silicon. OLIX's X-1 platform uses custom DX-1 decode accelerators with high-speed SRAM and rack-scale optical interconnects instead of scarce High-Bandwidth Memory (HBM), drastically lowering latency for ten-trillion-parameter AI models.