Quadric pulls in £16m for on-device edge AI processing platform

Quadric pulls in £16m for on-device edge AI processing platform
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Quadric, developers of an edge processing platform optimised for on-device AI at the network edge, have raised $21 million (£16m) in a Series B funding round.

Led by NSITEXE, the round also saw major new investment from MegaChips alongside existing investors Leawood VC, Pear VC, Uncork Capital, and Cota Capital.

Quadric’s platform is capable of handling neural backbones alongside classical dynamic data-parallel algorithms in a unified architecture. Whilst most other solutions combine high-power CPU clusters with application specific NPUs, Quadric’s unified architecture is flexible enough to accelerate the entire application pipeline without the need for a powerful CPU.

“It’s an exciting time to be able to partner with industry powerhouses in semiconductors and AI to bring accelerated computing to the Edge,” said Veerbhan Kheterpal, co-founder and CEO of Quadric. “The market is saturated with rigid accelerators. Our product fills the void with a fully programmable multi-kernel processing architecture.”

Quadric plans to use the funding to release the next version of its novel processor architecture, improve quadric SDK performance, and roll out Intellectual Property products for system-on-chip integration.

The company’s second generation architecture will improve topline performance, consume less power, and maintain the familiar m.2 form factor for developer use and deployments. Samples of second-generation silicon products will be available at the end of this year.

Tony Cannestra, director of corporate ventures at DENSO, said “As the AI market matures, businesses are under pressure to accelerate machine learning initiatives and need production-ready, easy-to-deploy AI solutions that don’t require building from the ground up.

Having evaluated Quadric’s q16 processor, its ability to run many types of algorithms efficiently and flexibly allows Quadric’s platform to enable AI in new services and products. We look forward to continuing to work closely with Quadric and plan to integrate their IP into DENSO’s SoC products.”

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