Oxmiq Labs, the AI chip startup founded by semiconductor veteran Raja Koduri, has closed a $35 million Series A funding round. The raise brings the company’s total capital to $60 million and puts it squarely in the crosshairs of one of tech’s most consequential battles: who gets to power the AI infrastructure boom besides Nvidia.
The round was co-led by Fundomo and Samsung Catalyst Fund, with MediaTek and Pegatron Venture Capital also participating.
What Oxmiq is building and why it matters
The core product here is OxCore, a licensable GPU IP architecture. Think of it as a blueprint that other companies can license to build their own custom AI chips, rather than designing silicon from scratch or simply buying whatever Nvidia is selling.
OxCore merges scalar, vector, and tensor engines into a single modular architecture. Each of those engine types handles different kinds of math that AI workloads require. Scalar engines process one data point at a time. Vector engines handle arrays of data. Tensor engines, the workhorses of modern deep learning, crunch through matrix multiplications at scale. Combining all three into one licensable package means chip designers can target everything from edge AI devices to large-scale data center deployments without starting from zero.
