SAN FRANCISCO, Aug 5 (Reuters) - Oxmiq Labs said on

Tuesday that it planned to launch licensable graphics processor

tech geared for artificial intelligence data crunching.

Founded by Intel's ( INTC ) 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.

The company did not disclose its valuation.

Oxmiq's GPU technology is capable of scaling from a single

core for physical AI applications such as robotics, to thousands

of cores that would be useful in a cloud computing company's

data center. The company said it can customize the GPU

architecture for specific types of computing.

"We want to be Arm for the next generation," Koduri told

Reuters.

The Campbell, California-based company said it was taking a

software-first approach to constructing its chip designs and has

built a tool to allow software programs written for Nvidia's ( NVDA )

CUDA to work on non-Nvidia ( NVDA ) hardware "without code

modification of recompilation."

The company said it opted to pursue building intellectual

property instead of a complete chip design because it would

avoid the high costs. A cutting-edge chip can cost more than

$500 million to design.

At Intel ( INTC ), Koduri oversaw the development of the company's

graphics chips. Koduri has held senior positions at Advanced

Micro Devices ( AMD ) and Apple ( AAPL ).

(Reporting by Max A. Cherney in San Francisco; Editing by

Mrigank Dhaniwala)