Raja Koduri’s Oxmiq raises $35m to rent out AI chip design instead of selling chips
Oxmiq Labs has closed a $35m Series A to scale OxCore, a licensable GPU architecture the startup says lets chipmakers build custom AI silicon without running a full, multi-year design programme of their own. The round brings the company’s total capital raised to $60m since its founding by veteran chip architect Raja Koduri.
The pitch is straightforward even if the engineering underneath it is not. Building an advanced AI chip from scratch typically costs hundreds of millions of dollars and takes years, a barrier that has kept custom silicon out of reach for all but the largest cloud providers and chipmakers.
Oxmiq wants to sell the design itself as licensable IP, the way Arm licenses processor cores, rather than selling finished chips. OxCore is the product at the centre of that bet.
It integrates three compute engines, a CUDA-compatible GPU engine, a tensor processing engine, and an orchestration engine that...
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