Raja Koduri's OXMIQ raises $35M for licensable AI chip architecture

Economic Times reports that OXMIQ, founded by former Intel graphics chief Raja Koduri, raised a $35 million Series A co-led by Samsung Catalyst Fund and Fundomo, taking total funding to $60 million. The company is building OxCore, a licensable GPU architecture that it pitches as an Arm-like model for AI processors. OXMIQ is targeting semiconductor companies, neocloud providers, AI infrastructure builders, and governments pursuing sovereign AI programs, with a focus on India and Southeast Asia.

Key details: OXMIQ raised a $35 million Series A and now has $60 million in total funding, The round was co-led by Samsung Catalyst Fund and Fundomo, The company is building licensable GPU IP for custom AI processors.

Why it matters: Licensable AI chip IP is a direct attempt to reduce dependence on Nvidia-style full-stack supply and make sovereign AI infrastructure cheaper.