The funding round saw participation from Arm, Fundomo, Hudson River Trading, and Netflix co-founder Reed Hastings, among others. OLIX, founded in 2024, develops infrastructure for frontier AI inference, including its X-1 platform and DX-1 chip, which is designed to deliver over 10,000 tokens per second per user. The company aims for initial customer access in the second half of 2027. OLIX also announced the appointment of Professor Nick McKeown to its board of directors and Matt Briers as CFO.