OXMIQ Labs Inc., a unified GPU and AI architecture company founded by Raja Koduri, has secured $35 million in Series A financing, bringing the total funding raised to $60 million. According to reports from Business Wire, the round was co-led by Fundomo and Samsung Catalyst Fund, with participation from MediaTek, AM Intelligence Labs, Pegatron Venture Capital, CDIB-TEN, Darwin Ventures, and Morgan Creek Digital, among others. The funding will scale OxCore™, a licensable GPU architecture that allows semiconductor companies and AI system builders to develop custom AI silicon without a full chip programme. As reported by Oxmiq, the company aims to complete its first batch of intellectual property products and expand engineering hiring to enter the custom chip market dominated by Broadcom, Marvell, and MediaTek.
The company will use the proceeds to scale OxCore™, a scalable, licensable GPU core that integrates three distinct compute engines: a CUDA®-compatible GPU engine, a tensor processing engine, and an orchestration engine (CPU) responsible for coordinating workloads and agents across the system. As reported by Business Wire, OxCore was designed for scalability and the architecture scales efficiently from single-core AI deployments to large-scale datacenter configurations. The architecture is running on FPGA today with live demonstrations available, and was purpose-built for near-memory compute to minimize data movement and enhance compute and energy efficiency of AI workloads. According to Oxmiq, the company is building a single licensable IP block that combines graphics, central processing, and tensor engine to simplify and accelerate advanced AI chip development.
According to Business Wire, the funding round includes participation from AM Green Group, which joins this round as an investor and extends collaboration behind the 5GW AI factory initiative, including a 3GW renewable-powered AI compute platform that AMI is building in India. The company is working with semiconductor companies, neoclouds, AI system builders, and physical AI/robotics companies ready to own their compute roadmap. David Goldschmidt, SVP & Managing Director, Head of the Samsung Catalyst Fund, stated that "OXMIQ's novel AI core and software platform enable heterogeneous compute for efficient, custom inference solutions serving large-scale agentic workloads." Rajeev Surati, Partner at Fundomo, emphasized that "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."
OXMIQ has strengthened its board and advisory ranks with two significant additions. Jim Keller, CEO of Tenstorrent and among the most influential chip architects in the industry, joins the board of directors alongside existing board member Dr. Ker Zhang. Additionally, Dr. Valluri (Bob) Rao, a renowned Fellow who retired from Intel's process technology group, joins as an advisor. As reported by Business Wire, these additions deepen OXMIQ's leadership as the company moves from architecture to customer integration, with the expertise spanning every layer of the AI stack from renewable power and data center infrastructure to silicon IP and software platforms. Jim Keller stated that "Raja and this team are creating an open GPU architecture, a much-needed step toward removing the artificial boundaries around AI innovation."
The company's comprehensive stack includes OxCore™ for the core architecture, OxQuilt™ for chiplet integration that adapts to any supply chain with configuration tools across logic process nodes, memory types, and interconnect standards, OxCapsule™ for high-level orchestration to low-level kernel optimization, and OxPython™ which runs existing CUDA® and PyTorch® code on OxCore without code changes, giving developers full portability across hardware. According to Business Wire, this complete stack supports emerging silicon architectures for optimized inference at scale and delivers day-zero support for new models, with OxPython having been validated on third-party platforms with live demos available. As reported by Oxmiq, the company's aim is to simplify a process that can otherwise cost hundreds of millions of dollars and take years to produce the silicon design and supporting software for advanced AI chips.
