Raja Koduri's Oxmiq Labs bags $35M in Series A funding
Oxmiq Labs will use this funding to scale OxCore, Oxmiq Labs' licensable GPU architecture platform that enables semiconductor companies and AI system builders to develop custom AI silicon without undertaking a full chip design programme.
California-headquartered GPU and AI architecture startup Oxmiq Labs, founded by Raja Koduri, has raised $35 million in a Series A funding round co-led by Fundomo and Samsung Catalyst Fund.
The round also saw participation from MediaTek, AM Intelligence Labs, Pegatron Venture Capital, CDIB-TEN, Darwin Ventures, and Morgan Creek Digital, taking the company's total funding to $60 million.
Koduri, a leading expert in GPU architecture, has held senior leadership roles at Intel, AMD, and Apple. The fresh capital will be used to scale OxCore, Oxmiq Labs' licensable GPU architecture platform that enables semiconductor companies and AI system builders to develop custom AI silicon without undertaking a full chip design programme.
Oxmiq Founder & CEO Raja Koduri said, “Today, state-of-the-art AI reaches most people through a handful of channels, and the cost of the compute underneath is the reason. Bring that cost down, and you widen who gets to build with it. I believe AI is a force for good when it is a tool everyone can pick up and use, not just the few who can afford to build with it.”
A statement from the startup noted that token demand is outpacing the ability to build infrastructure to serve it. Oxmiq was founded with the goal of re-architecting the GPU stack from Atoms to Agents, building the silicon IP, configurable systems and software platform that enable semiconductor companies and AI infrastructure builders to drive down the cost of intelligence at every layer of the stack.
“Raja has built silicon at every layer of the stack, and he knows exactly where the constraints sit. Most compute IP makes the customer bend their memory, packaging, and foundry around the chip. Oxmiq does the opposite, and that flips a cost center into leverage. We backed this team because they will define how AI compute gets built this decade,” said Rajeev Surati, Partner at Fundomo.
According to Oxmiq, its IP-first model is built for capital efficiency as it focuses on new architecture IP rather than full system on chip (SoC) development. The company generates revenue from customer engagements while preserving capital for building the stack, it noted.
Edited by Megha Reddy