Quadric is adapting to the shift from cloud AI to edge inference—and is already reaping the benefits.

CoinNetwork · 2026-01-22T14:16:17+00:00

Quadric is a chip IP startup that leverages artificial intelligence to enable device-side inference, with projected licensing revenue of $15 million to $20 million by 2025. The company completed a Series C funding round of $30 million, bringing total funding to $72 million, with valuation rising to $270 million to $300 million. Business expansion includes automotive, laptops, and industrial equipment.

CoinNetwork

2026-01-22 14:16:17

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Quadric is a chip IP startup founded by senior members of Bitcoin mining company 21E6, and the company is thriving by leveraging the trend of AI inference at the device level. CEO Veerbhan Kheterpal told TechCrunch that the company’s licensing revenue is expected to soar from approximately $4 million in 2024 to $15-20 million in 2025, with plans to reach $35 million this year. Its post-funding valuation is currently between $270 million and $300 million, up from $100 million in 2022. The recent $30 million Series C funding round brings its total funding to $72 million. Quadric licenses programmable AI processor IP, providing customers with a “blueprint” that can be embedded into their chips, with applications expanding from automotive to laptops and industrial equipment. Currently, driven by rising cloud costs and demand for distributed on-premise AI processing, the company is exploring “autonomous AI” markets in India and Malaysia.

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