We are excited to announce OLIX's $312m Series B. OLIX's mission is to build the infrastructure for frontier AI. Instead of forcing a single chip to do everything, we build specialised silicon and an optical network to connect it, unrolling models across racks like an assembly line. A different answer to the industry's supply chain constraints, built on components available at scale today. Alongside the round, we have appointed Professor Nick McKeown to our board of directors. Nick is one of the defining figures of modern networking and co-invented software-defined networking, OpenFlow and P4. He is Professor Emeritus of Computer Science and Electrical Engineering at Stanford University and winner of the 2025 Marconi Prize. He co-founded several companies, including Nicira, acquired by VMware, and Barefoot Networks, acquired by Intel, where he went on to lead the company's networking business. We have also appointed Matt Briers as Chief Financial Officer. Matt was the CFO of Wise for nine years, joining in 2015 from Google when the company had around 500,000 customers and was loss-making through taking it public in a 2021 direct listing on the London Stock Exchange. Wise’s direct listing was the first by a technology company in London and the exchange's largest technology listing, valuing Wise at £8.75 billion, approximately $12 billion. He built the finance function that carried Wise from private company to the public markets while it remained profitable throughout.

Announcing @Revoy’s $27M Series A Diesel is expensive. But long-haul EV semis are even more expensive! Today we’re launching the United States’ first hybrid electric, cost-competitive long-haul freight network. You don’t see it on your credit card statement, but the average American spends $1,270/year on long-haul freight. Diesel prices at the pump are outrageous today: rising on both international price shocks and increasing domestic shale oil costs. And pure EV semis are somehow even more expensive to operate. We need a better solution, and Ian Rust @semiautonomy figured it out. Revoy’s unique powered converter dolly lets us drop diesel usage by 95% and efficiently replace it with low-cost electricity. After two years of demonstrations and iterative improvements, we’re now taking the unique Revoy vehicle that we design and manufacture, and launching our hybrid-electric freight network with a select set of carriers. Shippers can reduce diesel consumption immediately on Revoy’s network without having to convince legacy carriers to convert their fleets, and without any investment in new infrastructure or equipment. We’re starting in the Pacific Northwest, with additional lanes planned.

🌍 Meet the ClimateTech experts at @TechBBQ! 🚀 Caie Kelley (@lowercarbon ), Mona Alsubaei (@TransitionVC ), and Craig Douglas (@WorldFund) dive into scaling and funding innovations. Moderated by our CEO and Co-Founder, Rune Theill. 🗓️ Sept 11, 12:25-13:00, BBQ Stage.

Read our post about personal cooling and adaptation @TransitionVC 🧊🔥 transition.vc/library/Cool-S… I went to Hajj in June—a spiritual experience of a lifetime. But it was so hot. It has been so hot everywhere lately. Even the Olympics are feeling it. Cooling spaces with AC isn’t efficient and isn't enough; we need to focus on cooling people first. Personal cooling tech is essential, especially for outdoor workers and vulnerable groups. I’d love to connect with founders, doctors, scientists, and engineers working on this!