
OXMIQ Raises $35M to License AI Chip Designs Instead of Making Them
Silicon veteran Raja Koduri's startup wants to lower the cost of custom AI silicon through IP licensing — a model that could open doors for African chip and system designers.

Camille Laurent
France Editor · Paris
OXMIQ Labs, a startup founded by silicon veteran Raja Koduri, has closed a $35 million Series A round, bringing its total funding to $60 million, according to reporting by Ventureburn. Rather than manufacturing physical processors, the company plans to license its GPU architecture — a model designed to make custom AI hardware reachable for firms that cannot absorb the enormous cost of building chips from scratch.
The round was co-led by Fundomo and the Samsung Catalyst Fund, with additional backing from MediaTek and Intel Capital. Ventureburn also reported that Jim Keller, the well-known chip architect and Tenstorrent chief executive, has joined OXMIQ's board of directors.
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