Quadric rides the shift from cloud AI to on-device inference — and it's paying off [TechCrunch]
QUALCOMM Incorporated (QCOM)
Last qualcomm incorporated earnings: 4/29 04:01 pm
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Source: TechCrunch
chip-IP startup founded by veterans of early bitcoin mining firm 21E6, is trying to power that shift, scaling beyond automotive into laptops and industrial devices, with its on-device inference technology. That expansion is already paying off. Quadric posted $15 million to $20 million in licensing revenue in 2025, up from around $4 million in 2024, CEO Veerbhan Kheterpal (pictured above, center) told TechCrunch in an interview. The company, which is based in San Francisco and has an office in Pune, India, is targeting up to $35 million this year as it builds a royalty-driven on-device AI business. That growth has buoyed the company, which now has post-money valuation of between $270 million and $300 million, up from around $100 million in its 2022 Series B, Kheterpal said. It has also helped attract investors to company. Quadric announced last week a $30 million Series C round led by ACCELERATE Fund, managed by BEENEXT Capital Management, bringing its total funding to $72 millio
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QCOM
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- 11/5/25 - Beat
QCOM
Sec Filings
- 1/22/26 - Form ARS
- 1/22/26 - Form DEFA14A
- 1/22/26 - Form DEF
- QCOM's page on the SEC website