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Oxmiq Secures $35M Series A to Develop Licensable AI Chip

Published 1 July 2026

An AI chip startup founded by former Intel and AMD executive Raja Koduri has raised $35 million to develop a licensable architecture aimed at dramatically reducing the cost of custom AI silicon. Oxmiq announced the Series A financing on Wednesday, July 1, bringing its total capital raised to $60 million.

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