"The company, which is based in San Francisco and has an office in Pune, India, is targeting up to $35 million this year as it builds a royalty-driven on-device AI business. That growth has buoyed the company, which now has post-money valuation of between $270 million and $300 million, up from around $100 million in its 2022 Series B, Kheterpal said."
"Quadric announced last week a $30 million Series C round led by ACCELERATE Fund, managed by BEENEXT Capital Management, bringing its total funding to $72 million. The raise comes as investors and chipmakers look for ways to push more AI workloads from centralized cloud infrastructure onto devices and local servers, Kheterpal told TechCrunch. Quadric began in automotive, where on-device AI can power real-time functions like driver assistance."
Quadric licenses programmable AI processor IP to enable on-device inference across automotive, laptops and industrial devices. Licensing revenue grew to $15–$20 million in 2025 from about $4 million in 2024, with a target of up to $35 million. The company’s post-money valuation rose to $270–$300 million from roughly $100 million in 2022. Quadric raised $30 million in a Series C led by ACCELERATE Fund, bringing total funding to $72 million. The company emphasizes shifting AI workloads from centralized cloud infrastructure to local devices and servers by building a CUDA-like programmable infrastructure for on-device AI.
Read at TechCrunch
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