Oxmiq Labs, the AI silicon startup founded by veteran chip architect Raja Koduri, has raised a $35 million Series A co-led by Samsung Catalyst Fund and Fundomo, with participation from MediaTek and Pegatron's venture arm. The round brings total funding to $60 million as the company works to collapse GPU, CPU and tensor-accelerator functions into a single licensable architecture.
Attacking the Cost of Custom Silicon
Designing a custom AI chip today demands years of engineering and hundreds of millions of dollars, which keeps the field limited to a handful of giants. Oxmiq's answer is licensable IP blocks and accompanying software stacks that customers, from semiconductor vendors to cloud providers, can adapt rather than build from scratch. Koduri, who previously led graphics architecture at Intel, AMD and Apple, describes the approach as folding three chip components into one.
Strategic Backers With Skin in the Game
The investor list reads like a supply chain: Samsung's venture arm, Taiwan's MediaTek and Pegatron all stand to benefit if cheaper custom silicon expands the AI hardware market. The bet lands as consolidation accelerates across the sector, from onsemi's $7 billion acquisition of Synaptics to South Korea's national AI chip push with Samsung and SK Hynix.
The Road Ahead
Oxmiq must prove its designs against a high bar set by NVIDIA and entrenched IP vendors, but its integrative approach and manufacturing-aligned backers give it a distinctive slot in the ecosystem. The funding will refine the architecture and recruit partners as demand grows for AI-optimized chips from data centers to the edge, while research frontiers keep moving, as seen in IBM's sub-1-nanometre NanoStack chip technology.
Reporting based on coverage from Tech Startups.