Startup Oxmiq raises $35 million to build chip architecture to lower cost of AI
Key takeaways
- Startup Oxmiq raises $35 million to build chip architecture to lower cost of AI FILE PHOTO: Illustration shows AI (Artificial Intelligence) letters and robot hand miniature · Reuters Max A.
- Developing a cutting-edge AI chip can cost hundreds of millions of dollars and take several years to make the requisite silicon design plans and necessary software to support it.
- Typically, AI systems are divided between graphics chips and central processors. Oxmiq plans to combine both, along with a third component, a tensor engine, into a single design, he said.
Startup Oxmiq raises $35 million to build chip architecture to lower cost of AI FILE PHOTO: Illustration shows AI (Artificial Intelligence) letters and robot hand miniature · Reuters Max A. Cherney Wed, July 1, 2026 at 8:17 PM GMT+7 2 min read By Max A. Cherney
SAN FRANCISCO, July 1 (Reuters) - Artificial intelligence startup Oxmiq said on Wednesday it raised $35 million from investors in order to build chip design architecture and software that will lower the cost of building and running AI applications.
Developing a cutting-edge AI chip can cost hundreds of millions of dollars and take several years to make the requisite silicon design plans and necessary software to support it. Oxmiq's goal is to collapse three distinct components of an AI system and combine them into a single block of IP that it can license, Chief Executive Raja Koduri said in an interview.