Core Insights - Companies and governments are seeking tools to run AI locally to reduce cloud infrastructure costs and enhance sovereign capabilities [1] - Quadric, a chip-IP startup, is expanding its technology from automotive applications to laptops and industrial devices, leveraging on-device inference technology [1] Financial Performance - Quadric's licensing revenue is projected to reach $15 million to $20 million in 2025, a significant increase from approximately $4 million in 2024 [2] - The company aims for up to $35 million in revenue this year, contributing to a post-money valuation between $270 million and $300 million, up from around $100 million in its 2022 Series B funding [2] Investment and Funding - Quadric recently completed a $30 million Series C funding round led by ACCELERATE Fund, increasing its total funding to $72 million [3] - The funding reflects a growing interest from investors and chipmakers in shifting AI workloads from centralized cloud infrastructure to local devices and servers [3] Market Expansion - Initially focused on automotive applications, Quadric's technology is now being applied across various sectors, including printers and AI laptops, driven by the adoption of transformer-based models [4] - The company is exploring opportunities in "sovereign AI" markets to reduce reliance on U.S.-based infrastructure, targeting customers in India and Malaysia [7] Technology and Product Development - Quadric does not manufacture chips but licenses programmable AI processor IP, allowing customers to integrate it into their own silicon [5] - The technology is chip-agnostic and supports various applications, with initial products expected to ship this year, starting with laptops [6]