Oxmiq Raises $35 Million Led by Samsung Catalyst Fund and Fudomo

AI chip startup Oxmiq said it has raised $35 million in a new funding round led by Samsung Catalyst Fund and Fudomo, with participation from Taiwan’s MediaTek and Pegatron Venture Capital, bringing its total funding to $60 million. According to ChainCatcher, the company was founded by former Intel chief architect Raja Koduri and is headquartered in Campbell, California.

Oxmiq said it plans to integrate GPU, CPU, and tensor engine components into a single licensable IP module, and to develop an integrated computing architecture that includes chiplets and memory. The company also said it is targeting the custom chip market and intends to compete with Broadcom, Marvell, and MediaTek.

Koduri said Oxmiq aims to become “the ARM of the next era.” The company said the new capital will be used to complete development of its first IP and bring it to market, and to expand its engineering team.