OXMIQ Raises $35M Series A to License AI GPU Architecture
Fundraise Insider tracks newly funded startups each week and delivers verified B2B leads list of C-suite contacts straight to your inbox, so you reach the right people while the funding is still fresh. See pricing.
OXMIQ Labs, a chip company based in Campbell, California, has closed a $35 million Series A, bringing its total funding to $60 million. The round was co-led by Fundomo and the Samsung Catalyst Fund, with participation from MediaTek, AM Intelligence Labs, Pegatron Venture Capital, CDIB-TEN, Darwin Ventures, and Morgan Creek Digital.
The company was founded by Raja Koduri, who previously served as Intel’s chief architect and led the Radeon Technologies Group at AMD, and came out of stealth in August 2025. Rather than build and sell its own chips, OXMIQ licenses AI and GPU architecture to others.
The new money will scale OxCore, OXMIQ’s licensable GPU architecture, which lets semiconductor companies and AI system builders create custom AI silicon without running a full chip program.
Jim Keller, chief executive of Tenstorrent and one of the industry’s most influential chip designers, has joined the company’s board of directors.