Quadric Announces Completion of Series B Funding
Additional $10M brings Series B total to $31M
Burlingame, CA – December 15, 2022 – Quadric, the general purpose neural processing unit (GPNPU) processor IP market leader, announced today 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.
Related |
AI accelerator (NPU) IP - 1 to 20 TOPS 4-/8-bit mixed-precision NPU IP Deep Neural Network Programmable Accelerator |
Quadric's unique Chimera™ GPNPU was announced in November. It 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. Chimera GPNPUs are an alternative to complicated heterogeneous multicore solutions, simplifying both the design and programming of devices running leading-edge machine-learning algorithms.
“The market has enthusiastically received the announcement of the Chimera GPNPU,” said Veerbhan Kheterpal, Co-founder and CEO of Quadric. “We are rapidly ramping up our commercial teams to engage customers and continuing to expand our top-notch engineering organization to deliver our GPNPU and our world-class software tools for application development. This Series B funding extension gives us even more financial firepower to bolster that expansion.”
“Machine learning processing is increasingly critical to the success of systems, products and devices across nearly every end market category,” said Dean Mai, investment director at Xerox Ventures. “Quadric has taken a software first approach and has created a unique unified architecture that allows for all software and machine learning processing to be done on a single chip, eliminating latency and bandwidth bottlenecks. We were impressed with the unique competitive advantages that Quadric brings to the market, as well as the strong, experienced team the company has assembled to deliver the founders’ vision. We are pleased to join in supporting the realization of that vision.”
About Quadric
Quadric.io Inc. is the leading licensor of general-purpose neural processor IP (GPNPU) that runs both machine learning inference workloads and classic DSP and control algorithms. Quadric’s unified hardware and software architecture is optimized for on-device ML inference. Learn more at www.quadric.io.
|
Related News
- Chiplet Interconnect Pioneer Eliyan Closes $60 Million Series B Funding Round, Co-led by Samsung Catalyst Fund and Tiger Global Management to Address Most Pressing Challenge in Development of Generative AI Chips
- Kneron Announces $49M in Additional Funding, Bringing Total Series B to $97M
- Celestial AI, the Creator of the Photonic Fabric Optical Interconnect Technology Platform, Raises $100 Million in Series B Funding
- Morse Micro Supercharges its Series B Funding Round with AU $30 Million Top-up from Major Superannuation Funds and Others
- Movellus Secures $23M in Series B Funding to Accelerate Growth
Breaking News
- Cadence Announces Most Comprehensive True Hybrid Cloud Solution to Provide Seamless Data Access and Management
- Dolphin Design expands GoAsic partnership to enhance the semiconductor Industry's Supply Chain
- Cadence Collaborates with MemVerge to Increase Resiliency and Cost-Optimization of Long-Running High-Memory EDA Jobs on AWS Spot Instances
- M31 Successfully Validates 5nm IP Solution to Empower Global AI Applications
- Cadence Unveils Palladium Z3 and Protium X3 Systems to Usher in a New Era of Accelerated Verification, Software Development and Digital Twins
Most Popular
- Rivos Raises More Than $250M Targeting Data Analytics and Generative AI Markets
- Semiconductor Capacity Is Up, But Mind the Talent Gap
- Zhuhai Chuangfeixin: OTP IP Based on 90nm CMOS Image Sensor Process Technology Successfully Mass Production
- CMC Microsystems and AIoT Canada Sign Memorandum of Understanding to support IoT and semiconductor ecosystem growth in Canada
- Microchip Technology Acquires Neuronix AI Labs
E-mail This Article | Printer-Friendly Page |