Quadric, an on-device AI inference processor IP and tooling provider headquartered in Burlingame, California, has raised an oversubscribed $30 million Series C round, bringing total capital raised to $72 million. The financing was led by the ACCELERATE Fund, managed by BEENEXT Capital Management.
Returning investors Uncork Capital and Pear VC participated, with Uncork making one of its largest insider commitments through its opportunity fund. New backers in the round include Volta, Gentree, Wanxiang America, Pivotal, and Silicon Catalyst Ventures.
The company said the new capital comes as it hits a revenue inflection, with product revenues more than tripling in 2025 compared with 2024. Quadric is entering 2026 with what it described as accelerating design-win momentum, driven by adoption of its General Purpose NPU (GPNPU) processor IP across edge large language models, automotive applications, and enterprise computer vision workloads.
At the center of Quadric’s offering is its Chimera processor IP, which the company positions as a fully programmable alternative to fixed-function neural processing units that can struggle as model architectures evolve. Quadric said Chimera is designed to run a wide range of AI models—both current and future—on a unified architecture, paired with a purpose-built toolchain intended to support model portability and performance tuning over time.
Quadric said its platform enables chip developers to deploy both computer vision and on-device LLM applications, including models up to 30 billion parameters, and claims industry-leading inference performance per watt. The company also said customers can move from engagement to production-ready, LLM-capable silicon in under six months.
Chimera GPNPU cores scale from 1 tera operations per second (TOPS) to 864 TOPS and are available in commercial-grade configurations as well as automotive safety-enhanced, ASIL-ready options, Quadric said.
Alongside the funding announcement, Quadric said it secured two new license wins: an edge-server LLM silicon provider in Asia, which it did not name pending a product announcement, and Tier IV of Japan, a developer of autonomous-driving software.
How the funding will be used: Quadric said it will use the Series C proceeds as growth capital to expand customer success efforts and continue investing in the teams and technology supporting its inference IP and software toolchain.
KEY QUOTES:
“We’ve been deeply impressed by Quadric’s innovative architecture, its disruptive approach to AI inference at the edge, and their strong market traction particularly in Asian markets. Those attributes indicate a very clear path for further growth with a strong potential to be a generational business. We believe Quadric is poised to revolutionize the edge AI hardware sector, and we look forward to supporting their journey as they continue to push the boundaries of what is possible.”
Hero Choudhary, Managing Partner, BEENEXT
“Quadric is the only AI processor IP company we’ve seen reach this level of product revenue, and that traction is a direct result of real customer adoption—not hype. What makes this especially compelling is the entrenched on-device AI software ecosystem forming around Chimera; that ecosystem has the makings of a generational platform.”
Jeff Clavier, Founding Partner, Uncork Capital
“I want our customers to have the best AI inference chips in the market. Chips with world-class software, leading performance per watt, and immunity to the model obsolescence plaguing AI accelerators. This is growth capital, and we’re putting it behind the teams and technology that make our customers successful.”
Veerbhan Kheterpal, CEO and Co-Founder, Quadric
