OXMIQ Labs raises $35 million in Series A funding co-led by Fundomo,Samsung Catalyst Fund
02 Jul 2026, 11:14 AMThe funding round also saw participation from existing investor MediaTek, AM Intelligence Labs and Intel Capital, among others.
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OXMIQ Labs Inc., a GPU and AI architecture company, has raised $35 million in its Series A funding round led by Fundomo and Samsung Catalyst Fund.
The funding round also saw participation from existing investor MediaTek, AM Intelligence Labs, Pegatron Venture Capital, CDIB-TEN, Darwin Ventures, Morgan Creek Digital, and Intel Capital, among other financial and strategic investors.
The Campbell, California-headquartered startup, which also has a development site in Hyderabad, India, will use the fresh capital to scale OxCore™, its licensable GPU architecture that lets semiconductor companies and AI system builders design custom AI silicon without running a full chip program. The company plans to grow its silicon IP, chiplet integration tools, and software stack as it moves from architecture development to customer integration.
OXMIQ Labs was founded by Raja Koduri in 2023 in Campbell, California. Koduri is a veteran GPU architect who spent nearly three decades at S3 Graphics, ATI Technologies, Apple, AMD, and Intel, notably rebuilding AMD's Radeon Technologies Group and leading Intel's Architecture, Graphics and Software organization.
OXMIQ builds licensable GPU compute IP and AI infrastructure software. Its stack includes OxCore™ (a scalable GPU core), OxQuilt™ (a chiplet integration architecture), and software layers OxCapsule™ and OxPython™, which let existing CUDA and PyTorch code run on OxCore without modification. The company aims to lower the cost of AI compute so more design teams can build custom silicon.
"A licensable core with an open architecture means design teams everywhere can build the custom AI silicon their work needs," said Raja Koduri, OXMIQ founder and CEO. "Closing this round with investors who own the supply chain tells us we can get there." David (Dede) Goldschmidt, SVP and Managing Director, Head of the Samsung Catalyst Fund, said the fund was excited to co-lead the round, noting that OXMIQ's core and software platform enable heterogeneous compute for large-scale agentic workloads. Rajeev Surati, Partner at Fundomo, said OXMIQ "flips a cost center into leverage" by adapting its architecture to customers' memory, packaging and foundry choices rather than the reverse.
OXMIQ last raised $20 million in a seed round in August 2025, with participation from investors including MediaTek, Tenstorrent, and Intel, shortly after emerging from two years in stealth.
The funding comes amid a broader surge of investment in alternative AI-compute and chip-architecture startups, as companies look to reduce dependence on a small number of incumbent GPU makers.
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