Raja Koduri's Oxmiq Raises $35 Million for AI Chip Architecture
The round was co-led by Fundomo and Samsung Catalyst Fund, with participation from MediaTek and other strategic investors.
- On Wednesday, July 1, 2026, Campbell, California-based AI startup OXMIQ Labs Inc. closed its $35 million Series A funding round, bringing total capital raised to $60 million.
- Founded by former Intel chief architect Raja Koduri, the company developed OxCore, a licensable GPU architecture designed to reduce AI development costs by combining multiple chip components into a single design.
- OXMIQ plans to integrate graphics chips, central processors, and tensor engines into one unified design, allowing semiconductor companies to build custom AI silicon without expensive, multi-year development programs.
- Fundomo and Samsung Catalyst Fund co-led the funding round, with Koduri stating the company aims to be the "Arm of this next era," referencing the U.K. processor design leader.
- OXMIQ plans to use the capital to complete its current intellectual property batch and hire additional engineers as it scales operations to meet growing demand for AI infrastructure solutions.
15 Articles
15 Articles
Startup Oxmiq raises $35 million to build chip architecture to lower cost of AI
Times of India
The Economic TimesEx-Intel exec Raja Koduri's OXMIQ raises $35 million to build licensable AI chip architecture
AI chip startup OXMIQ, founded by former Intel executive Raja Koduri, has secured $35 million in Series A funding. The company aims to democratize AI chip development by licensing its GPU architecture, OxCore, allowing businesses and governments to create custom AI processors. This move seeks to reduce the high cost of AI compute, particularly for emerging markets like India and Southeast Asia, fostering wider AI adoption.
Raja Koduri’s AI startup Oxmiq raises $35M to build AI chip architecture that cuts the cost of custom AI silicon - Tech Startups
Former Intel architect Raja Koduri’s AI startup Oxmiq raises $35 million to reshape custom AI chip design and lower the cost of AI infrastructure. Building a new AI chip has become one of the most expensive bets in technology. It […] The post Raja Koduri’s AI startup Oxmiq raises $35M to build AI chip architecture that cuts the cost of custom AI silicon first appeared on Tech Startups.
Coverage Details
Bias Distribution
- 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
