• Quadric, an edge processing platform, raised USD 21 million in Series B funding led by NSITEXE with participation from MegaChips, Leawood VC, Pear VC, Uncork Capital, and Cota Capital. This round brings the company’s total funding to USD 38.3 million. 

• The funds will be used to release the next version of Quadric’s processor architecture, improve SDK performance, and launch Intellectual Property (IP) products for integration in System on Chips (SoCs). Additionally, Quadric also plans to expand its employee base and hire in key product areas.

<ul><li> Analyst QuickTake: Quadric offers a similar product to Kneron and Blaize , both of which incidentally raised funding last year, with Kneron raising USD 25 million in December, and Blaize raising USD 71 million in July. However, Quadric trails its peers in terms of funding as Blaize and Kneron have raised  USD 136 million and USD 115 million, respectively). Moreover, the lead investor, NSITEXE, has also partnered with Blaize in the past (November 2020) to expand the latter’s sales footprint to Japan.</ul>