Quadric, a provider of AI inference processor IP for on-device chips, has raised $30 million in an oversubscribed Series C round led by ACCELERATE Fund, bringing total funding to $72 million. Uncork Capital and Pear VC participated, alongside new investors including Volta and Wanxiang America. The company's product revenues more than tripled in 2025, driven by adoption of its Chimera processor IP across edge large language models, automotive and enterprise vision applications. Unlike fixed-function neural processing units, Chimera is fully programmable and can run any AI model on a unified architecture, scaling from 1 to 864 tera operations per second. Quadric recently secured two new licence agreements, including with Japan's Tier IV for autonomous driving applications. The funding will support customer success initiatives and product development.

Pivotal announced yesterday that Groovy 2.4 And Grails 3.0 will be the last major releases under Pivotal sponsorship.