Quadric, a San Francisco–based chip IP startup focused on on-device AI inference, has closed a $30 million Series C funding round led by Accelerate Fund, managed by Beenext Capital Management. The raise brings Quadric’s total funding to $72 million and follows sharp revenue growth as enterprises and governments seek alternatives to cloud-based AI infrastructure.
Founded by veterans of early bitcoin mining firm 21E6, Quadric licenses programmable AI processor IP that allows customers to run vision and voice models locally across devices ranging from automobiles to laptops and industrial systems. Chief executive Veerbhan Kheterpal said licensing revenue rose to between $15 million and $20 million in 2025, lifting the company’s post-money valuation to roughly $270–300 million. Quadric is expanding globally as demand grows for sovereign and distributed AI deployments.
Featured image: Credit: Quadric
