Quadric, a Burlingame, CA-based company building the industry’s most advanced high-performance edge processing platform optimized for on-device AI at the network edge, announced a $21 million Series B funding round.
NSITEXE, Inc., a group company of a leading mobility supplier DENSO, led the round with major investment from MegaChips. Existing investors Leawood VC, Pear VC, Uncork Capital, and Cota Capital also participated in the round.
The investment will enable the company to release the next version of their novel processor architecture, improve quadric SDK performance, and roll out Intellectual Property (IP) products for integration in System on Chips (SoCs).
Company: Quadric.io Inc.
Raised: $21.0M
Round: Series B
Funding Month: March 2022
Lead Investors: NSITEXE, Inc.,
Additional Investors: MegaChips, Leawood VC, Pear VC, Uncork Capital, and Cota Capita
Company Website: https://www.quadric.io/
Software Category: Edge Processing platform
About the Company: Quadric is building a unified, end-to-end hardware and software architecture optimized for on-device AI computing at the network edge. Quadric offers an integrated full-stack software and hardware platform with optimized algorithms and next-generation processor technology that delivers unmatched capabilities and efficiency across applications for high-performance edge computing. With AI becoming a business necessity in the global economy, customers need complete AI solutions deployed at scale. Leveraging an integrated full-stack platform, including best-in-class AI models, software, and hardware, Quadric enables the deployment of the most impactful AI applications in the world. Quadric's unique ability to handle both neural backbones and classical dynamic data-parallel algorithms in a unified architecture is helping to create AI for everyone, everywhere.
Source: https://www.businesswire.com/news/home/20220316005174/en/Quadric-Announces-21M-to-Advance-Its-Disruptive-Edge-AI-Platform