Oxmiq aims to reduce AI system costs by integrating graphics, processors, and tensor engines into a single licensed design.
Artificial intelligence startup Oxmiq raised $35 million to develop chip architecture and software aimed at lowering the cost of AI applications. The company plans to combine graphics chips, central processors, and tensor engines into a single intellectual property block for licensing, targeting a market where custom chip development can exceed hundreds of millions of dollars.
Oxmiq, led by former Intel and AMD executive Raja Koduri, seeks to emulate Arm’s business model by supplying design IP for AI systems. The company will also enter the custom chip market, competing with Broadcom, Marvell, and MediaTek, while developing chiplet-based computing fabrics.
The $35 million funding will support completing Oxmiq’s initial IP batch and expanding its engineering team. The startup aims to make its first product available for licensing, addressing the high costs and complexity of AI chip development.