Chip startup Oxmiq launches GPU tech for license

Oxmiq Labs said on Tuesday that it planned to launch licensable graphics processor tech geared for artificial intelligence data crunching.

Founded by Intel’s former chief architect, Raja Koduri, Oxmiq said that it has raised $20 million in seed capital to help launch the new GPU intellectual property. The funding round includes investments from angel investors, and corporate strategic investors, including MediaTek, Oxmiq said.