AI Startup Oxmiq Raises $35M for Low-Cost Chip Architecture
Oxmiq, a Campbell, California-based AI startup led by former Intel chief architect Raja Koduri, raised $35 million on July 1, 2026, to develop a licensable chip architecture that combines GPU, CPU, and tensor processing into one IP block, modeled after Arm’s business model. The round was led by Samsung Catalyst Fund and Fudomo, with participation from MediaTek and Pegatron Venture Capital. Oxmiq has raised $60 million total and will use the funds to complete its first IP and hire engineers.
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GPU and AI architecture firm OXMIQ Labs raises $35 million in Series A
California-based OXMIQ Labs, a GPU and AI architecture company with a development site in Hyderabad, India, has announced a $35 million Series A funding round, bringing its total capital raised to $60 million. The round was co-led by Fundomo and Samsung Catalyst Fund, with participation from MediaTek, AM Intelligence Labs, Pegatron Venture Capital, and others. The company plans to use the funding to scale its licensable GPU architecture, which enables semiconductor firms and AI system builders to create custom AI silicon without a full chip program. Founder and CEO Raja Koduri, a renowned GPU architect, stated that the goal is to lower the cost of AI compute to make the technology accessible to a wider range of users, not just a few large players.
The Hindu: Latest News today from India and the World, Breaking news, Top Headlines and Trending News Videos.Raja Koduri's Oxmiq Raises $35 Million for AI Chip Architecture
Oxmiq Labs, founded by former Intel chief architect Raja Koduri, closed a $35 million Series A funding round on July 1, 2026, bringing total funding to $60 million. The round was co-led by Fundomo and Samsung Catalyst Fund, with participation from MediaTek, Pegatron Venture Capital, and others. The Campbell, California-based startup is developing licensable GPU and AI chip architecture designed to lower the cost of AI application design and deployment. Its core product, OxCore, integrates a GPU engine, tensor processing engine, and central processor into one licensable block of intellectual property, with Koduri aiming to make Oxmiq 'the Arm of this next era.' The company also offers OxQuilt, a chiplet integration architecture, and OxPython software to run Nvidia CUDA code on OxCore without modifications. Prominent chip architect Jim Keller joined Oxmiq's board. The funding will be used to complete its IP portfolio, bring products to market, and expand engineering headcount.
Yahoo FinanceRaja Koduri's Oxmiq Raises $35 Million for AI Chip Architecture
Oxmiq Labs, founded by former Intel chief architect Raja Koduri, has closed a $35 million Series A funding round, bringing the company's total funding to $60 million. The round was co-led by Fundomo and Samsung Catalyst Fund, with participation from MediaTek, Pegatron Venture Capital, and other investors. The Campbell, California-based startup is developing OxCore, a licensable GPU and AI chip architecture that integrates GPU, tensor processing, and central processor engines into a single block of intellectual property, aiming to lower the cost of designing and running AI applications. The company also offers OxQuilt, a chiplet integration architecture, and OxPython software that allows developers to run code written for Nvidia's CUDA platform without changes. Prominent chip architect Jim Keller, CEO of Tenstorrent, has joined Oxmiq's board of directors. The funding will be used to complete the company's initial IP portfolio, bring products to market, and expand engineering headcount.
Yahoo FinanceStartup Oxmiq raises $35 million to build chip architecture to lower cost of AI
Artificial intelligence startup Oxmiq announced a $35 million funding round on July 1, 2026, to develop chip design architecture and software aimed at reducing the cost of building and running AI applications. CEO Raja Koduri, a former Intel chief architect and ex-AMD executive, said the company plans to combine three key components of an AI system—graphics chips, central processors, and a tensor engine—into a single intellectual property block that can be licensed. Oxmiq also intends to develop a computing fabric using chiplets and integrated memory. The company will compete in the custom chip market against firms like Broadcom, Marvell, and MediaTek. The round was led by Samsung Catalyst Fund and Fudomo, with participation from MediaTek and Pegatron Venture Capital. Oxmiq, based in Campbell, California, has raised $60 million in total and plans to use the new funds to complete its first batch of IP and hire more engineers as it scales.
Yahoo FinanceStartup Oxmiq raises $35 million to build chip architecture to lower cost of AI
Artificial intelligence startup Oxmiq announced on July 1, 2026, that it raised $35 million from investors including MediaTek, Pegatron Venture Capital, Samsung Catalyst Fund, and Fudomo. The company, based in Campbell, California, aims to develop a new chip architecture that combines graphics processors, central processors, and a tensor engine into a single intellectual property block, which it can license to other companies. CEO Raja Koduri, a former Intel chief architect and AMD executive, said Oxmiq wants to become "the Arm of this next era" for AI chips. The startup also plans to develop a computing fabric integrating chiplets and memory, and to enter the custom chip market, competing with Broadcom, Marvell, and MediaTek. The funding will be used to complete its first IP product and hire engineers. Oxmiq has now raised a total of $60 million.
Yahoo FinanceStartup Oxmiq raises $35 million to build chip architecture to lower cost of AI
AI startup Oxmiq announced it raised $35 million from investors including MediaTek, Pegatron Venture Capital, Samsung Catalyst Fund, and Fudomo to develop a novel chip design architecture aimed at reducing the cost of building and running AI applications. CEO Raja Koduri, a former Intel chief architect and ex-AMD executive, outlined plans to combine three distinct components of an AI system—graphics chips, central processors, and a tensor engine—into a single block of intellectual property for licensing, likening the strategy to Arm's model. The company also intends to enter the custom chip market and develop a computing fabric integrating chiplets and memory. This brings Oxmiq's total funding to $60 million. The Campbell, California-based firm will use the funds to finish its first batch of IP and expand its engineering team.
Yahoo FinanceStartup Oxmiq raises $35 million to build chip architecture to lower cost of AI
AI startup Oxmiq announced a $35 million funding round on July 1, 2026, to develop chip design architecture and software that reduces the cost of building and running AI applications. The company, led by former Intel chief architect Raja Koduri, aims to collapse three distinct components of an AI system—graphics chips, central processors, and a tensor engine—into a single block of intellectual property that can be licensed. This approach is modeled after Arm's business model. Oxmiq also plans to develop a computing fabric combining chiplets and memory in one package, and enter the custom chip market. The round was led by Samsung Catalyst Fund and Fudomo, with participation from Taiwan's MediaTek and Pegatron Venture Capital. The Campbell, California-based company has now raised a total of $60 million and will use the funds to complete its first IP batch and hire more engineers.
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