
UK chip startup OLIX hits €2.8B valuation at age two
UK AI chip startup OLIX raises €270.5M Series B at a €2.8B valuation just two years after founding, backed by Arm and Hudson River Trading.
Daily Digest
Daily Digest
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UK AI chip startup OLIX raises €270.5M Series B at a €2.8B valuation just two years after founding, backed by Arm and Hudson River Trading.

Detroit startup Grounded raises $5M seed to customize electric and gas-powered delivery vans.

Reykjavik's SnerpaPower raises €3.4M to help power-intensive industries manage electricity as a competitive advantage.

Edinburgh spinout Singular Photonics raises $2.15M to advance next-generation SPAD image sensors with on-chip computing for machine vision and physical AI.

German frontline-worker platform Flip raises €22M to scale its AI-powered knowledge and communication tools for deskless employees.

AI agent governance startup Xpander raises $7.5M seed led by Pico Venture Partners to help enterprises bridge the gap between AI pilots and full-scale deployment.

Agricultural fintech Ambrook raised $30 million Series B led by Lachy Groom - expanding its QuickBooks alternative for farms, trucking operators, and independent businesses to over 8,000 customers across all 50 US states.

Also, the micromobility startup spun out of Rivian, raises another $150M Series D led by Prysm Capital to expand into autonomous delivery vehicles.

Rivian spinout ALSO raised $150 million Series D — led by Prysm Capital to accelerate its autonomous small electric vehicle platform serving Amazon and DoorDash delivery operations.

AI accounting startup Rillet raises $100M Series C led by ICONIQ, hitting a $1B valuation two years after emerging from stealth.

UK photonic chip startup Olix raised $312 million Series B at a $3.3 billion valuation — closing Europe's largest semiconductor VC round, with ARM and Hudson River Trading joining, to build specialized inference chips using novel photonic interconnects.

Defense-tech startup Castelion raises over $1 billion Series C (co-led by JPMorgan Chase's Strategic Investment Group, a16z, and Carlyle) at a $13B valuation to scale production of low-cost hypersonic weapons.