Overview
- Oxmiq closed a $35 million Series A that brings its total funding to $60 million, with the company announcing the round on Wednesday, July 1.
- The startup, led by semiconductor veteran Raja Koduri, is selling a licensable GPU/IP stack called OxCore that combines a GPU engine, a tensor engine, and an orchestration engine into one block of intellectual property.
- Oxmiq says OxCore can run CUDA-based programs on non‑Nvidia hardware, a claim reported by multiple outlets that the company has made but that has not been independently verified.
- Proceeds will be used to finish the first batch of IP, productize OxCore and companion tools such as OxPython and OxQuilt, and hire engineers, and the Series A was co-led by Fundomo and Samsung Catalyst Fund with strategic investors including MediaTek and Pegatron VC.
- The move targets Nvidia’s ecosystem lock‑in by offering a licensing model like Arm’s for mobile, but the company still faces timeline, adoption and competitive risks illustrated by recent industry deals that absorbed rival chip technology.