Quadric secures $30 million in Series C funding to advance its programmable neural processing unit (NPU) intellectual property for on-device AI applications. The oversubscribed round elevates the company’s total capital to $72 million, fueled by tripled product revenues in 2025.
ACCELERATE Fund, managed by BEENEXT Capital Management, spearheaded the investment, with returning backers Uncork Capital and Pear VC alongside newcomers like Volta, Gentree, Wanxiang America, Pivotal, and Silicon Catalyst Ventures. This capital influx supports team expansion and customer events such as CES, following a phase of lean operations.
Growth and Milestones
Quadric reports profitability over the past two quarters and double-digit million revenues last year, driven by licensing deals rather than services.
Design wins span edge large language models (LLMs), automotive advanced driver-assistance systems (ADAS), and enterprise vision systems, with new licensees including an Asia-based firm targeting 40-50 TOPS edge AI chips and Japan’s Tier IV for self-driving tech.
Technology Edge
The Chimera GPNPU stands out for its scalability up to 864 TOPS (INT8), blending programmable ALUs with MAC arrays to handle convolutions, novel activations, and emerging operators via C++ kernels without CPU fallbacks.
Comprehensive tools like a web-based profiler and upcoming ChiPy Python compiler enable automated model porting, outperforming rivals in supported networks.
Leadership Comments
Quadric CMO Steve Roddy emphasized the firm’s lead in programmable NPU IP: “We’re the only NPU IP company that can say we were profitable for the last two quarters. We think we have a significant lead relative to competition.” CEO Bentle highlighted the strategic use: “This is growth capital and we’re putting it behind the teams and technology that make our customers successful.”
