Hyderabad: OXMIQ Labs, a California-based GPU and AI architecture startup founded by former Intel leader and chip veteran Raja Koduri, raised $35 million in a Series A funding round co-led by Fundomo and Samsung Catalyst Fund, taking its total capital raised to $60 million.The round drew participation from MediaTek, AM Intelligence Labs, Pegatron Venture Capital, CDIB-TEN, Darwin Ventures, Morgan Creek Digital and other strategic and financial investors. Intel Capital is also involved as a strategic intellectual property partner.OXMIQ, which has a development site in Hyderabad, plans to use the funding to scale OxCore, its licensable GPU architecture aimed at semiconductor companies, AI system builders and sovereign computing programmes seeking custom AI silicon without a full chip programme.OxCore combines a CUDA-compatible GPU engine, a tensor processing engine and a CPU-based orchestration engine in a scalable core designed for near-memory compute. The architecture is already running on FPGA for live demos, the company said.The startup is also building OxQuilt, a chiplet integration architecture designed to combine heterogeneous compute chiplets and memory in a single package, with flexibility across foundries, memory types, interconnects and packaging choices. Its software stack includes OxPython, to run existing CUDA and PyTorch code on OxCore without modification, and OxCapsule for orchestration.Samsung Catalyst Fund head David Goldschmidt said OXMIQ’s core and software platform could support efficient custom inference for large-scale agentic workloads. Fundomo partner Rajeev Surati said OXMIQ gives customers flexibility across memory, packaging and foundry options.Koduri said OXMIQ is positioning itself as an Arm-like provider of licensable GPU and AI silicon intellectual property, targeting companies and countries seeking alternatives to Nvidia’s vertically integrated AI infrastructure. He said there is no licensable GPU IP comparable to Arm’s CPU cores for groups seeking sovereign or customised AI chips.“A licensable core with an open architecture means design teams everywhere can build the custom AI silicon their work needs ,” Koduri said. Lowering compute costs, he added, would widen access to AI beyond a handful of channels.OXMIQ has 50 employees and expects to reach around 100 by year-end, with roughly half in India. Its core software team is in Hyderabad, hardware architects are in Bengaluru, and its US base is in Campbell, California. The company is generating commercial software revenue and expects licensing fees, royalties and possible revenue-sharing, he said.OXMIQ has already partnered with Greenko Group ‘s AM Intelligence Labs for the latter ‘s upcoming 2GW renewable-powered AI compute platform at Noida in Uttar Pradesh.
