Quadric, a chip-IP startup, is at the forefront of the shift towards on-device AI inference, catering to the rising demand for local AI processing to reduce cloud costs and enhance sovereign capabilities. Founded by veterans of the early bitcoin mining firm 21E6, Quadric is expanding its on-device inference technology beyond automotive applications into laptops and industrial devices.
In a recent interview with TechCrunch, Quadric’s CEO, Veerbhan Kheterpal, discussed the company’s impressive growth, reporting a substantial increase in licensing revenue from $4 million in 2024 to $15-20 million in 2025. Looking ahead, Quadric aims to achieve up to $35 million in revenue this year, driving a royalty-focused on-device AI business model.
This growth trajectory has significantly boosted Quadric’s valuation, now ranging between $270 million and $300 million, up from $100 million during its Series B funding in 2022. The company recently secured a $30 million Series C investment, led by ACCELERATE Fund, managed by BEENEXT Capital Management, totaling its funding to $72 million.
Quadric’s approach diverges from traditional chipmakers like Nvidia, focusing on licensing programmable AI processor IP rather than manufacturing chips. Kheterpal emphasized the importance of creating a CUDA-like infrastructure for on-device AI, aligning with the industry trend of shifting AI workloads from centralized cloud servers to local devices.
As more companies prioritize localized AI processing, Quadric’s on-device AI chips are poised to reshape the landscape of AI technology, offering efficient and scalable solutions for diverse applications.
Source: TechCrunch