OXMIQ, founded by Raja Koduri, has raised a $35 million in Series A funding, bringing its total funding to $60 million
The round lands as Groq, once Nvidia’s sharpest inference rival, rebuilds after licensing its core technology to Nvidia and losing its founder in the deal
OXMIQ never builds a finished chip at all: it licenses GPU architecture to whoever else wants to
Groq spent a decade building a chip good enough that Nvidia wanted it more than Groq’s independence. In December 2025, the company licensed its core inference technology to Nvidia in a deal reportedly worth around $17 billion, and its founder, Jonathan Ross, left to join Nvidia along with roughly 90% of Groq’s engineering team.
Now another AI chip startup founded by a semiconductor exec is betting it can dodge that outcome by never building a finished chip Nvidia would want in the first place.
