Oxmiq raises $35M Series A to license next‑gen AI GPU cores

Oxmiq Labs closed a $35 million Series A round to scale OxCore, a licensable GPU architecture that lets chipmakers build custom AI accelerators without multi‑year in‑house design efforts. The round was co‑led by Fundomo and Samsung Catalyst Fund, with MediaTek, Pegatron Venture Capital and others participating, and TechCrunch reports the company is now valued around $5 billion with $1 billion in signed contracts.