Quadric announced the second close of its Series C financing, bringing the round to $46 million and total capital raised to $90 million. The second close was led by the International Finance Corporation, the private sector arm of the World Bank Group.
Quadric is developing a programmable AI chip platform designed to run AI models directly on devices. The company said its technology supports a broader shift toward secure, locally controlled AI infrastructure as AI moves beyond hyperscale data centers and into edge devices.
The new funding will support Quadric’s customer support and go-to-market teams. The company is serving customers in automotive, AI PCs, and enterprise markets while preparing for incoming demand across humanoid robotics, wearables, and networking.
The financing also included increased participation from existing investors Pear VC, Uncork Capital, and BEENEXT. Pear VC led Quadric’s seed round, while BEENEXT led the first close of the Series C.
Offline Ventures, co-founded by Facebook Platform creator Dave Morin and former Apple executive James Higa, joined as a new investor. Quadric said the first close of the Series C, announced in January 2026, followed a year in which product revenue more than tripled and the company reached profitability.
IFC is making its first AI chip investment through this financing. The investment links Quadric with governments and industries seeking to build AI capabilities that are not dependent on hyperscale cloud infrastructure.
Quadric’s core product is the Chimera GPNPU, a general-purpose neural processing unit architecture. The company said Chimera can scale from 1 to more than 3,200 TOPS in multi-chiplet configurations and can support a wide range of AI models, including convolutional models, transformer-based models, on-device LLM inference, and emerging vision-language-action world models.
Quadric said its programmable architecture allows chip designers to deploy one platform and adapt it as AI model requirements evolve. This is intended to address a key challenge in AI hardware, where chip designs are typically locked years before shipping while AI models change rapidly.
The company’s software toolchain converts AI models into C++. It also allows system-on-chip design teams to write code in Python or C++, supporting both AI inference workloads and classic DSP and control algorithms.
Quadric is headquartered in Burlingame, California. The company licenses fully programmable general-purpose AI inference processor IP for on-device AI and machine learning applications, including automotive-grade safety-enhanced versions.
KEY QUOTES:
“Quadric addresses one of the most important structural gaps in the AI ecosystem today. Powerful AI cannot remain the exclusive domain of hyperscalers if emerging markets are going to close the digital divide. Quadric’s programmable architecture fundamentally changes the economics: SMEs in emerging markets can now deploy AI on devices they own, without the per-token cloud bills that price them out. That productivity gain directly levels the playing field between small businesses in emerging and developed markets. And critically, building this class of efficient, programmable chips creates exactly the kind of high-value semiconductor and AI engineering talent that emerging markets like India need to compete globally.”
Mohamed Eissa, Chief Investment Officer at IFC
“A chip feature set is locked years before it ships, and AI models change every few months, so an operator-centric, fixed-function NPU arrives behind the models and only falls further back. Quadric is a living platform: because the stack is software, the same chip runs new models and gets faster long after it ships. That’s the difference between silicon that depreciates and silicon that compounds. Ask our customers.”
Veerbhan Kheterpal, CEO and Co-Founder of Quadric
“Every NPU gets judged the day a new model drops. We port new models to Chimera cores and our customers take them as a software update, no silicon change. That porting machine is the product: the same core runs models published years after the silicon was designed.”
Daniel Firu, Co-Founder and Chief Product Officer of Quadric
“We’re excited to keep backing Quadric as it pursues a massive opportunity. AI is moving outside the datacenter, and chip companies need silicon that can run tomorrow’s models, not just today’s. Quadric is solving that, and the design wins are proving it out. We led Quadric’s seed round and doubled down in this round because, from day one, we’ve seen firsthand how innovative this team is, and how strong they are in both the technology and the execution it takes to win.”
Mar Hershenson, Founding Managing Partner of Pear VC
