Oxmiq Raises $35 Million in Series A Funding

Oxmiq, an AI technology company focused on developing licensable GPU IP and AI software, announced a successful $35 million Series A funding round on July 1, 2026. The round was co-led by Samsung Catalyst Fund and Fudomo, with additional participation from MediaTek and Pegatron Venture Capital.

Company Background

Founded by Raja Koduri, a former Intel graphics chief architect and AMD executive, Oxmiq aims to simplify the process of designing custom AI chips. The company offers intellectual property that semiconductor companies and data centers can license, enabling them to build custom AI compute solutions without being locked into proprietary systems. This approach is intended to reduce both the cost and time associated with developing AI infrastructure.

Strategic Use of Funds

The newly acquired capital will be directed toward completing the first version of Oxmiq's chip architecture and software platform. The company plans to expand its engineering team to accelerate development and bring its technology to market. "The funding will scale OxCore™, Oxmiq’s licensable GPU architecture," the company noted in a blog post.

Industry Context

In the current landscape, the development of AI hardware often involves different components like graphics processors, central processors, and tensor accelerators. Oxmiq seeks to integrate these elements into a single, licensable architecture. This innovation aims to lower barriers for companies seeking to build AI hardware, a sector witnessing increased demand from cloud providers, enterprises, and AI infrastructure vendors.

Investors and Market Impact

Samsung Catalyst Fund and Fudomo led the Series A round, highlighting the growing interest in technologies that streamline AI hardware development. MediaTek and Pegatron Venture Capital also participated, indicating a broad interest in supporting innovations that can potentially reshape the AI computing market.

Future Developments

With this substantial investment, Oxmiq is well-positioned to revolutionize the AI chip industry. As the company advances its OxCore™ technology, it will likely play a significant role in the ongoing evolution of AI hardware solutions.