By Max A. Cherney

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.O 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 2454.TW, 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.O CUDA to work on non-Nvidia 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, Koduri oversaw the development of the company's graphics chips. Koduri has held senior positions at Advanced Micro Devices AMD.O and Apple AAPL.O.

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

((max.cherney@thomsonreuters.com; 415-404-2697; @chernandburn on Twitter/X))