Oxmiq Labs

Oxmiq Labs is a startup focused on developing and licensing a vertically integrated platform that includes both GPU (Graphics Processing Unit) hardware IP and a comprehensive software stack. The company was founded by Raja Koduri, a renowned GPU architect with previous leadership roles at Intel, AMD, and Apple. After two years in development, the company emerged from stealth mode in August 2025 with $20 million in seed funding from investors including MediaTek.

Oxmiq Labs operates on an "asset-light" business model, concentrating on licensing its intellectual property rather than engaging in the costly manufacturing of physical chips. This strategy aims to reduce development costs for its clients and increase capital efficiency. The company targets the AI, graphics, and multimodal workload markets, serving clients from edge device manufacturers to large-scale data centers.

The company's core hardware offering is the OXCORE™, a scalable and modular GPU architecture based on the RISC-V instruction set. It also provides the OxQuilt toolset, which enables customers to assemble custom system-on-chip (SoC) designs using a chiplet-based approach. A primary focus for Oxmiq is its software stack, designed to be hardware-agnostic. The main software products are OXCapsule™, a unified runtime and scheduling layer that abstracts hardware complexity, and OXPython™, which allows Python-based NVIDIA CUDA applications to run on non-NVIDIA hardware without code modifications. This directly challenges Nvidia's CUDA dominance by offering developers greater cross-platform flexibility.

Keywords: GPU IP, licensable hardware, AI accelerators, RISC-V, chiplet architecture, heterogeneous computing, CUDA compatibility, software-defined hardware, asset-light, multimodal AI