The Money TrailJuly 1, 2026via SiliconAngle
Raja Koduri’s Oxmiq Labs raises $35M to lower the design cost of custom AI silicon
Why it matters
Custom AI chip design has been gated behind massive R&D budgets. Oxmiq's funding signals investor belief that tooling/automation can democratize silicon design, potentially unlocking a new tier of AI chip competition.
Key signals
- Series A: $35M raised
- Total funding to date: $60M
- Led by Fundomo and Samsung Catalyst Fund
- Founder: Raja Koduri (formerly Intel/AMD GPU lead)
- Mission: Lower design costs for custom AI silicon
- Market positioning: Aspires to become next Arm Holdings
The hook
$35M Series A. Raja Koduri's Oxmiq Labs is betting it can become the next Arm—by making custom AI silicon design actually affordable.
Artificial intelligence chipmaking startup Oxmiq Labs Inc. says it wants to become the next Arm Holdings Plc. after raising $35 million in an early-stage A funding, bringing its total amount raised to date to $60 million. Today’s Series A round was led by investors that included Fundomo and Samsung Catalyst Fund, and saw participation from […]