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

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...