Quadric, Inference Engine for On-Device AI Chips, Raises $30M Series C as Design Wins Accelerate Across Edge LLMs, Automotive, and Enterprise

Quadric, the inference engine that powers on-device AI chips, led by Veer Kheterpal, Daniel Firu, Nigel Drego, Steve Roddy, and others, announced an oversubscribed $30 million Series C funding round, bringing total capital raised to $72 million, led by ACCELERATE Fund, managed by BEENEXT Capital Management. Uncork Capital returned with one of the largest insider commitments through its opportunity fund, joined by insider Pear VC. New investors include Volta, Gentree, Wanxiang America, Pivotal, and Silicon Catalyst Ventures.

The funding comes as Quadric reaches a revenue inflection, with product revenues more than tripling in 2025 versus 2024. Entering 2026, the company is seeing accelerating design-win momentum driven by the adoption of its General Purpose NPU (GPNPU) IP across edge LLM, automotive, and enterprise vision use cases.

Hero Choudhary, Managing Partner at BEENEXT, highlighted Quadric’s innovative architecture, disruptive edge AI inference approach, and strong traction in Asian markets, noting a clear path to further growth and potential to become a generational edge AI hardware company.

Quadric positions its Chimera processor platform as a future-proof on-device AI architecture designed to adapt as models evolve. Unlike fixed-function NPUs, Chimera is fully programmable and can run current and future AI models on a unified architecture, reducing the risk of model-driven silicon obsolescence.

The platform includes a purpose-built software toolchain and supports computer vision and on-device LLM workloads, including models up to 30B parameters, with high performance per watt. Chimera GPNPU cores scale from 1 TOPS to 864 TOPS and are available in commercial and automotive safety-ready configurations, enabling rapid deployment of production-grade AI silicon.

Quadric has reached significant product revenue driven by real customer adoption, with investors highlighting the emerging on-device AI software ecosystem around Chimera as a potential generational platform.

Licensees now span automotive, edge LLM, office automation, and autonomous driving. Recent wins include an unnamed Asian edge-server LLM silicon provider and Tier IV, reinforcing growing traction across AI and mobility use cases.

Quadric stated that the new funding will support customer success by strengthening teams and technology to deliver high-performance, software-driven AI inference chips that remain resilient to model obsolescence.