Oxmiq Raises $35 Million to Develop Licensable AI Chip Architecture
AI chip startup Oxmiq, founded by former Intel executive Raja Koduri, has raised $35 million in a Series A funding round to develop and commercialize OxCore, a licensable GPU architecture integrating graphics chips, central processors, and tensor engines. The company aims to reduce AI computing costs by enabling businesses and governments to build custom AI processors without extensive silicon development. The funding, co-led by Samsung Catalyst Fund and Fundomo, will support product completion and team expansion, targeting semiconductor firms and sovereign AI initiatives.
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