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Quadric raises $30M in Series C funding led by ACCELERATE Fund to enhance its on-device AI chip platform.
Amount Raised
$30 Million
Round Type
series c
Investors
Description
Quadric announced an oversubscribed $30 million Series C funding round, increasing total capital raised to $72 million. The funds will help the company expand its product offerings as it experiences rapid revenue growth. Lead investor ACCELERATE Fund, along with others like Uncork Capital and Pear VC, contributed to this round. This investment positions Quadric to capitalize on the growing demand for AI inference technologies.
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