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Quadric Announces Completion Of Series B Funding

Dec 15, 2022•about 3 years ago

Round Type

series b

Burlingame

Investors

Cota CapitalUncork CapitalPear VcLeawood VcMesh VenturesXerox Ventures

Description

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.

Company Information

Company

Quadric

Location

Burlingame, California, United States

About

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.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers