AI chip startup Oxmiq completes $35 million financing, led by Samsung Catalyst Fund and Fudomo

AI chip startup Oxmiq announced the completion of a new round of financing of $35 million, led by Samsung Catalyst Fund and Fudomo, with participation from Taiwan's MediaTek and Pegatron Venture Capital. The company's total financing has reached $60 million.

Oxmiq was founded by former Intel chief architect Raja Koduri and is headquartered in Campbell, California. The company plans to integrate the three major components of GPU, CPU, and tensor engine into a single IP module for licensing, and develop an integrated computing architecture that includes Chiplet and memory, while also entering the custom chip market to compete with Broadcom, Marvell, and MediaTek. Koduri stated that Oxmiq's goal is to become "the ARM of the next era." This round of funding will be used to complete the R&D of the first batch of IP and bring it to market, while also expanding the engineering team.