Quadric Raises $30 Million In Series C Funding Round

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Quadric secured $30 million in Series C funding led by ACCELERATE Fund (managed by BEENEXT Capital Management). Funds are earmarked for expanding teams and enhancing technology to support customer success in developing efficient, future proof AI inference chips, addressing issues like model obsolescence that affect specialized accelerators.

Quadric’s latest Series C round represents a key milestone in the edge AI sector, where demand for on-device inference is rising due to needs for lower latency, enhanced privacy, and energy efficiency in applications like automotive and large language models (LLMs). The oversubscribed nature of the round suggests strong investor confidence in Quadric’s approach, particularly its General Purpose Neural Processing Unit (GPNPU) architecture, which combines flexibility for various AI models with high performance per watt. While exact valuation details remain undisclosed, this infusion builds on prior rounds and positions Quadric to scale amid a competitive landscape including players like Hailo and EdgeCortix.

Quadric has demonstrated notable traction, with product revenues more than tripling year over year in 2025, driven by design wins across automotive, edge LLMs, and enterprise vision sectors. Key recent developments include licensing agreements with Japan’s Tier IV for autonomous driving and an undisclosed Asian provider for edge server LLMs. The Chimera processor IP, scalable from 1 to 864 tera operations per second (TOPS) and available in commercial and automotive safety enhanced configurations, enables rapid deployment, customers can achieve production ready silicon in under six months. This flexibility helps mitigate risks from evolving AI models, a common challenge in the industry.

Investors highlighted Quadric’s market traction and innovative edge in the funding announcement. BEENEXT’s Hero Choudhary emphasized the company’s potential to revolutionize edge AI, especially in Asian markets. Uncork Capital’s Jeff Clavier noted the significance of Quadric’s revenue growth and emerging software ecosystem as indicators of a “generational platform.” These views align with broader trends where edge AI investments are surging, though economic uncertainties could influence deployment timelines.

The funding is poised to bolster Quadric’s expansion, including team growth across North America, Asia, and Europe, and further development of developer tools and inference IP. By focusing on a unified architecture that handles both current and future AI models, Quadric aims to provide “immunity to model obsolescence,” a differentiator in a field prone to rapid technological shifts. However, success will depend on navigating supply chain dynamics and regulatory hurdles in automotive sectors, where safety certifications like ASIL are critical.

Quadric, a Burlingame, California-based semiconductor IP provider specializing in on-device AI inference engines, announced the closure of an oversubscribed $30 million Series C funding round. This latest capital injection, led by the ACCELERATE Fund managed by BEENEXT Capital Management, brings Quadric’s total funding to $72 million. Returning investors Uncork Capital and Pear VC contributed significantly, with Uncork making one of its largest insider commitments via its opportunity fund. New participants in the round include Volta, Gentree, Wanxiang America, Pivotal, and Silicon Catalyst Ventures. The announcement underscores Quadric’s accelerating momentum in the edge AI market, where on-device processing is increasingly vital for applications requiring real time inference without cloud dependency.

Founded in 2016 by Veerbhan Kheterpal, Nigel Drego, and Daniel Firu, alumni of MIT, Carnegie Mellon, and cryptocurrency firm 21 Inc., Quadric develops the Chimera GPNPU, a fully programmable architecture designed to run any AI model on a single unified system. This approach addresses a key pain point in AI hardware: the rapid obsolescence of specialized accelerators as new models emerge. The Chimera cores scale from 1 TOPS for low power devices to 864 TOPS for high performance needs, supporting both commercial grade and ASIL-ready (Automotive Safety Integrity Level) configurations. This scalability enables deployment in diverse sectors, including computer vision, on-device LLMs up to 30 billion parameters, office automation, and autonomous driving.

The timing of the Series C is particularly strategic, as Quadric reported product revenues more than tripling in 2025 compared to 2024, signaling a revenue inflection point. This growth is fueled by expanding design wins, including a recent license with an edge server LLM silicon provider in Asia (name withheld pending product launch) and Tier IV of Japan, a leader in self driving software. These partnerships highlight Quadric’s traction in high stakes markets like automotive and enterprise AI, where energy efficiency and performance per watt are paramount. Customers benefit from comprehensive developer tools that facilitate quick integration, allowing them to move from initial engagement to production ready, LLM-capable silicon in under six months.

Investor enthusiasm reflects Quadric’s differentiated position in the edge AI ecosystem. Hero Choudhary, Managing Partner at BEENEXT, praised the company’s “innovative architecture” and “strong market traction particularly in Asian markets,” noting its potential to become a “generational business” in edge AI hardware. Jeff Clavier, Founding Partner at Uncork Capital, emphasized Quadric’s unique achievement in reaching substantial product revenue through genuine customer adoption, rather than hype, and highlighted the emerging software ecosystem around Chimera as a foundation for long term dominance. Quadric’s CEO and co-founder, Veerbhan Kheterpal, described the capital as “growth funding” dedicated to empowering customer success through superior software, leading efficiency, and resilience against model changes.

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To contextualize this round, Quadric’s funding history reveals a steady progression of investments aligned with its technological milestones:

This history shows cumulative equity funding approaching $78 million across rounds, though the company’s official total stands at $72 million, potentially excluding debt or non dilutive elements like a reported $2 million in debt financing. Discrepancies in third party databases (e.g., CB Insights reporting $87.25 million over eight rounds) may stem from inclusion of grants or convertible notes, but primary sources confirm $72 million in venture capital.

The Series C arrives amid a broader surge in edge AI investments, driven by the shift of LLMs from cloud to devices for improved privacy and reduced latency. However, the sector faces headwinds, including supply chain constraints and intense competition from established players like Qualcomm and startups such as Hailo. Quadric’s emphasis on a “future proof” architecture positions it well, but execution risks remain, particularly in achieving widespread adoption in regulated industries like automotive.

In preparation for this growth phase, Quadric strengthened its governance by appointing Joachim Kunkel, a seasoned semiconductor executive, as an independent board member in December 2025. With teams spanning North America, Asia, and Europe, the company is well equipped to capitalize on regional opportunities, especially in Asia where BEENEXT’s involvement signals deeper market penetration.

This funding round not only validates Quadric’s technical prowess and commercial progress but also equips it to navigate the evolving AI landscape. By prioritizing customer centric innovation, Quadric aims to solidify its role as a key enabler of efficient, adaptable on-device AI solutions.

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