OLIX raises $312m at a $3.3bn valuation and appoints Professor Nick McKeown to its board

By Richard Snee, on behalf of The Crane Team

AI is entering a new era.

The next breakthroughs won't come from larger models alone. They'll come from rethinking the infrastructure that makes those models possible.

That's exactly what OLIX is building.

Today, OLIX announced a $312 million Series B at a $3.3 billion valuation, alongside the appointment of Professor Nick McKeown to its Board of Directors as the company accelerates toward delivering its first AI inference systems.

Crane is proud to continue supporting OLIX, alongside an exceptional group of investors, as one of the company's earliest believers.

Why we're excited

Every generation of computing reaches a point where incremental improvements are no longer enough. Progress requires a fundamentally new architecture.

Rather than pushing today's hardware architectures a little further, OLIX is rethinking AI inference from first principles—designing every layer of the system together, from chips to interconnect to compiler.

This is exactly the kind of ambitious, foundational technology Crane exists to back: companies solving the constraints that will define the next generation of computing.

Congratulations to James Dacombe, Professor Nick McKeown, new CFO Matt Briers, and the entire OLIX team on an extraordinary milestone. We're excited to continue the journey together.

Read the full announcement on the OLIX website.