Quadric Extends Series C to $46M with Second Close led by World Bank's IFC

Quadric, a leading provider of programmable AI chip technology, has announced the second close of its Series C funding round, successfully raising an additional $46 million. This funding round, led by the International Finance Corporation (IFC), brings the total capital raised in this round to $90 million. The announcement was made on July 13, 2026, marking a significant milestone for the company as it continues to expand its innovative offerings in the AI and technology sector.

The latest funding round saw existing investors, including Pear VC, Uncork Capital, and BEENEXT, increase their stakes, signaling strong confidence in Quadric's growth trajectory. Additionally, Offline Ventures, co-founded by notable industry figures such as Dave Morin and James Higa, joined as a new investor. This influx of capital will enable Quadric to bolster its support and go-to-market teams, enhancing its capabilities to serve existing customers in automotive, AI PCs, and enterprise sectors, while also targeting emerging markets in humanoid robotics, wearables, and networking.

Quadric's technology is designed to address a critical gap in the AI ecosystem, particularly in emerging markets where access to powerful AI solutions has been limited. The company's programmable AI chip platform allows for the deployment of AI models directly on devices, reducing reliance on hyperscale data centers and associated costs. This strategic direction aligns with IFC's mission to support technology ventures in emerging markets, as highlighted by Mohamed Eissa, Chief Investment Officer at IFC. The investment represents IFC's first foray into the AI chip sector, emphasizing the importance of making AI accessible to small and medium enterprises (SMEs) globally.

The broader implications of this funding round extend beyond Quadric itself. As AI continues to evolve, the demand for adaptable and efficient chip solutions is increasing. Quadric's Chimera GPNPU architecture, which supports a wide range of AI models, positions the company favorably in a competitive landscape. The ability to update AI models through software rather than hardware changes offers a significant advantage, allowing Quadric to maintain relevance in a rapidly changing technological environment.

Looking ahead, the successful closing of this funding round underscores a growing trend in the AI and technology sectors, where innovation is increasingly driven by the need for localized solutions that empower businesses in emerging markets. As Quadric continues to expand its footprint and enhance its product offerings, it is well-positioned to capitalize on the burgeoning demand for programmable AI technologies, reinforcing the importance of accessible AI infrastructure in bridging the digital divide.