Oxmiq Labs has closed a $35m Series A to scale OxCore, a licensable GPU architecture the startup says lets chipmakers build custom AI silicon without running a full, multi-year design programme of their own. The round brings the company’s total capital raised to $60m since its founding by veteran chip architect Raja Koduri.
The pitch is straightforward even if the engineering underneath it is not. Building an advanced AI chip from scratch typically costs hundreds of millions of dollars and takes years, a barrier that has kept custom silicon out of reach for all but the largest cloud providers and chipmakers.
Oxmiq wants to sell the design itself as licensable IP, the way Arm licenses processor cores, rather than selling finished chips. OxCore is the product at the centre of that bet.
It integrates three compute engines, a CUDA-compatible GPU engine, a tensor processing engine, and an orchestration engine that coordinates workloads across the system, functions typically split across separate chips.
Oxmiq says the tighter coupling is built for near-memory compute, reducing the data movement that drives up both cost and energy use in AI workloads.The 💜 of EU techThe latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!
