TechFlow news, July 2, according to Reuters, AI chip startup Oxmiq announced the completion of a new $35 million financing round, led by Samsung Catalyst Fund and Fudomo, with participation from Taiwan-based MediaTek and Pegatron Venture Capital, bringing the company's total cumulative financing to $60 million.
Oxmiq was founded by former Intel Chief Architect Raja Koduri and is headquartered in Campbell, California. The company plans to integrate GPU, CPU, and Tensor Engine components into a single IP module for licensing, and develop an integrated computing architecture comprising Chiplet and memory, while also positioning in the custom chip market to compete with Broadcom, Marvell, and MediaTek. Koduri stated that Oxmiq's goal is to become "the ARM of the next era." The funds from this round will be used to complete the development of the first batch of IPs and bring them to market, while expanding the engineering team.
