Campbell-based unified GPU and AI architecture company OXMIQ Labs Inc., founded by legendary chip architect Raja Koduri, has successfully closed a $35 million Series A financing round, bringing its total capital raised to $60 million. Co-led by Fundomo and the Samsung Catalyst Fund, with participation from major strategic players like MediaTek, Pegatron Venture Capital, and Intel Capital, the funding will scale OxCore™, OXMIQ’s innovative, licensable GPU architecture. Designed to drive down the cost of intelligence, OxCore integrates a CUDA®-compatible GPU engine, a tensor processing engine, and a CPU orchestration engine into a single core, eliminating the capital-prohibitive full-chip programs typically required for custom AI silicon. This hardware layer is paired with OxQuilt™ for foundry-agnostic chiplet integration and the OxPython™ software stack, which seamlessly runs existing CUDA and PyTorch code without modification.
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Highlighting the strategic impact of the funding, David (Dede) Goldschmidt, SVP & Managing Director, Head of the Samsung Catalyst Fund, noted, “OXMIQ’s novel AI core and software platform enable heterogeneous compute for efficient, custom inference solutions serving large-scale agentic workloads.” Furthermore, industry icon Jim Keller, CEO of Tenstorrent, has joined the company’s board of directors, declaring, “I am excited to join the OXMIQ board. Raja and this team are creating an open GPU architecture, a much-needed step toward removing the artificial boundaries around AI innovation. As the industry concentrates around a few incumbents, this is more important than ever. OXMIQ’s open, configurable foundation, which developers can build on and own, is exactly where compute should be heading.” Emphasizing the broader mission, Raja Koduri, OXMIQ founder and CEO, added: “A licensable core with an open architecture means design teams everywhere can build the custom AI silicon their work needs. 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. Closing this round with investors who own the supply chain tells us we can get there.” By deploying an IP-first model, OXMIQ aims to re-architect the GPU stack from “Atoms to Agents,” expanding global access to high-performance infrastructure.
