Quadric Raises Additional $10M in Series B Funding


Quadric, a Burlingame, CA-based general purpose neural processing unit (GPNPU) processor IP company, announced an extension and completion of its Series B funding round, raising an additional $10M of equity and debt financing in addition to the $21M equity investment announced in February of this year.

Xerox Ventures and Mesh Ventures are the latest investors to back Quadric’s innovative processor architecture, joining existing investors DENSO, MegaChips, Leawood VC, Pear VC, Uncork Capital, and Cota Capital.

Led by Veerbhan Kheterpal, Co-founder and CEO, Quadric.io is a licensor of general-purpose neural processor IP (GPNPU) that runs both machine learning inference workloads and classic DSP and control algorithms. Its unified hardware and software architecture is optimized for on-device ML inference.

Its Chimera™ GPNPU, announced in November, is a licensable intellectual property processor core sold to semiconductor and systems OEM design teams building advanced custom silicon chips for a wide range of end applications.