Campbell-based Oxmiq Labs Inc. last week announced its all-new GPU software and IP startup to the world, after two years of keeping mum about developments.
The company is the brainchild of Los Gatos resident Raja Koduri, one of the top players in the highly-competitive global industry. It has already brought in $20 million in seed funding from prominent investors, such as AI-computing firm Tenstorrent.
“We’re excited to partner with OXMIQ on their OXPython software stack,” said Jim Keller, CEO of Tenstorrent—who’s previously held important positions at AMD, Apple and Tesla. “OXPython’s ability to bring Python workloads for CUDA to AI platforms like Wormhole and Blackhole is great for developer portability and ecosystem expansion. It aligns with our goal of letting developers open and own their entire AI stack.”
Oxmiq boasts it has assembled a team with 500+ years of experience and a track record of generating $100 billion in revenue at prior companies. Company officials say they’ve already amassed hundreds of patents.
The local firm argues that modern computing has “fundamentally shifted toward multimodal experiences where text, audio, video, images and 3D environments seamlessly interact,” with what’s known as “GPU architecture” now a fundamental part of driving growth for Silicon Valley companies.
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“Unlike fixed-function AI accelerators that handle specific tasks, GPUs provide the general purpose computational flexibility required for these diverse modalities while maintaining deep integration with mainstream operating systems through standardized APIs and unified memory models,” a spokesperson said in the Aug. 5 release. “This architectural advantage positions GPUs as the essential compute engine for both current applications and the emerging landscape of multimodal AI, where heterogeneous workloads must be processed in harmony.”
One of its investors, MediaTek, is a Taiwanese semiconductor company that was once a unit of United Microelectronics Corporation.
“OXMIQ has an impressive bold vision and world-class team,” said Lawrence Loh, a senior vice president at MediaTek. “The company’s GPU IP and software innovations will drive a new era of compute flexibility across devices—from mobile, to automotive, to AI on the edge.”
A key part of its system is called “OXPython,” which allows Python-based “NVIDIA CUDA AI applications” to work with non-NVIDIA hardware—all without code modifications.
“Launching initially on Tenstorrent’s AI platform later this year with multiple vendor integrations in progress, OXPython demonstrates OXMIQ’s commitment to breaking down hardware silos and accelerating the democratization of high-performance computing across the industry,” the spokesperson said.
After co-founding Mihira two years ago with Shobu Yarlagadda and SS Rajamouli, Koduri has now transitioned out of day-to-day operations there to focus on running OXMIQ full-time.
Raja now acts as a strategic advisor to Mihira Visual Labs, which is led by Yarlagadda.
OXMIQ holds a minority stake in Mihira and will continue to support its growth through foundational agentic and GPU IP technologies that power Mihira’s cinematic AI platform.
“Raja’s early contributions to Mihira helped shape our foundational vision of cinematic AI. Now, with OXMIQ, he and his team are building the deep-tech infrastructure that powers our next chapter,” said Yarlagadda—and acclaimed producer of the Baahubali Indian film series. “As we scale Mihira into a global creative platform, we’re thrilled to continue our close collaboration with OXMIQ and integrate their agentic GPU innovations into our storytelling stack.”
