Olix

Olix Computing is a London-based startup developing the Optical Tensor Processing Unit (OTPU), a new type of AI accelerator that uses photonics rather than traditional GPU architecture for AI inference. The company integrates photonics with an SRAM-based memory architecture, which it claims can outperform high-bandwidth memory systems in efficiency, throughput per watt, and overall cost. Originally registered as Flux Corp Ltd in March 2024, the company rebranded to Olix Computing. Founded by 25-year-old serial entrepreneur James Dacombe, who also runs brain-monitoring company CoMind, Olix has grown to over 70 employees and plans to ship its first products by 2027. Valued at over $1B.