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

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.

The funding round was co-led by Samsung Catalyst Fund and Fundomo, with participation from investors including MediaTek, Pegatron Venture Capital, and several other financial and strategic backers. The company, headquartered in Campbell, California, plans to use the capital to complete the first version of its chip architecture and software platform and bring the technology to market.

Oxmiq's core strategy is to offer intellectual property that semiconductor companies and AI system builders can license, rather than selling finished chips. The goal is to shorten development cycles and lower barriers to entry for companies building specialized AI hardware. At the center of this effort is OxCore, a licensable GPU architecture that integrates three distinct compute engines-a CUDA-compatible GPU, a tensor processing unit, and an orchestration CPU-into a single core designed for...