AI tech start-up Oxmiq has raised $35 million (£26.4m) in a Series A funding round, with plans to develop licensable intellectual property for AI chips and data centres.
The round, led by Samsung Catalyst Fund and Fundomo, follows previous seed funding that brings its total investment to $60m so far.
Existing investors MediaTek, Pegatron Venture Capital, CDIB-TEN, Darwin Ventures, Morgan Creek Digital, AM Intelligence Labs and Intel Capital also participated.
Founded in 2024 by former Intel graphics chief Raja Koduri and headquartered in Campbell, California, Oxmiq is pursuing a business model that it compares to that of ARM.
It is developing IP including a RISC-V-based GPU core called OxCore, a system-on-chip architecture it calls OxQuilt, and software that supports deployments across Oxmiq’s own silicon and third-party tech such as Nvidia’s CUDA platform.
