Raja Koduri’s Oxmiq Labs raises $60M for Arm-like AI GPU licensing
Silicon startup Oxmiq Labs has raised $60 million in funding to supply licensable GPU IP, chiplet tools, and software orchestration for AI infrastructure builders. The company, founded by former AMD and Intel executive Raja Koduri, aims to provide an 'Arm-like' model for custom chip development that supports CUDA-based workloads.
Key Takeaways
- Oxmiq closed a $35 million round co-led by Samsung Catalyst Fund and Fundomo, reaching $60 million in total capital.
- The flagship OxCore IP integrates a CUDA-compatible GPU engine, a tensor processor, and an orchestration engine (CPU) into one licensable block.
- Board appointments include semiconductor veterans Jim Keller (CEO of Tenstorrent) and Valluri Rao to guide architecture and customer strategy.
- Oxmiq signed a partnership with AM Intelligence Labs to architect a 2 GW renewable-powered AI factory in India by 2030.
- The OxPython software layer enables developers to run existing CUDA and PyTorch code on non-Nvidia hardware without modification.
Why It Matters
Oxmiq offers a strategic middle ground between purchasing expensive merchant GPUs from Nvidia and investing hundreds of millions in bespoke silicon design. By licensing GPU IP and providing chiplet configuration tools like OxQuilt, the company allows infrastructure builders to optimize specifically for token economics and energy cost rather than raw peak performance. This fragmentation of the silicon stack could significantly lower entry barriers for sovereign AI projects and hyperscalers seeking supply chain autonomy. Success hinges on Oxmiq’s ability to prove its software stability and hardware performance on external platforms. Industry observers should track the initial compute delivery at the 1 GW Noida hub in 2027 as a primary milestone for production-scale validation.
Additional Context
The launch of Oxmiq Labs in August 2025 followed two years of stealth research and development, according to company announcements. At launch, the startup emphasized its "Atoms to Agents" mission, focusing on the shift toward multimodal AI where audio, video, and 3D environments interact. To support this, Oxmiq's software stack was first validated on Tenstorrent's Wormhole and Blackhole AI accelerators, where CEO Jim Keller noted that the OXPython layer is critical for developer portability and ecosystem expansion, per Los Gatan in August 2025. Beyond technical licensing, Oxmiq is deeply integrated into India's semiconductor and creative sectors. Per the Financial Express in March 2026, the company’s partnership with AM Group targets a vertically integrated AI environment powered by 100% carbon-free energy from Greenko’s renewable assets. This initiative includes offering flexible consumption models like "Tokens-as-a-Service" at costs significantly below conventional data center power rates. Furthermore, Koduri remains a strategic advisor to Mihira Visual Labs, a cinematic AI firm he co-founded with filmmaker S.S. Rajamouli, which plans to use Oxmiq’s agentic GPU IP to power storytelling tools, per Business Wire in July 2026. Intel Capital’s involvement as a strategic IP partner in the Series A round further clarifies Oxmiq's role in the market. According to The Times of India in July 2026, Oxmiq acts more like an architecture and engineering advisor than a merchant chip vendor, targeting the 92% of margins that reside in chip design. This approach aligns with the India Semiconductor Mission’s goal of building sovereign infrastructure, providing an alternative to the vertically integrated models currently dominated by US-based merchant silicon vendors.
Read full article at jonpeddie.com
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