Oxmiq aims to reduce AI system costs by integrating graphics, processors, and tensor engines into a single licensed design.
Artificial intelligence startup Oxmiq announced a $35 million funding round to develop chip architecture and software designed to lower 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 development costs 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 scalable chip designs. The startup will also enter the custom chip market, competing with Broadcom, Marvell, and MediaTek, while developing chiplet-based systems and integrated memory solutions.
The $35 million will fund the completion of Oxmiq’s initial IP batch and expand its engineering team. The company aims to position itself as a key player in the next generation of AI infrastructure by simplifying and reducing the cost of chip development.