Quadric secures $46M Series C extension with World Bank’s IFC leading the second close, signaling rising multilateral backing for private AI hardware
Executive summary: Quadric closed a second close of its Series C round, raising a total of $46 million with the World Bank’s IFC as lead investor, while earlier backers Pear VC, Uncork Capital and BEENEXT increased their stakes. The deal demonstrates growing interest from multilateral development banks in financing private AI hardware companies and points to a market opportunity where hyperscale data centers fall short of specific AI workloads.
Who is involved: Quadric, World Bank’s IFC, and prior investors Pear VC, Uncork Capital, BEENEXT.
Likely next: Quadric will allocate the capital to advance production of its AI inference chip and expand engagements with government and industry AI projects; the IFC will monitor the investment’s alignment with its environmental and social standards.
Quadric’s latest funding round brings its Series C total to $46 million, with the World Bank’s International Finance Corporation (IFC) heading the second close. Prior seed and Series C investors Pear VC, Uncork Capital and BEENEXT increased their participation, showing continued confidence from existing backers. The investment ties Quadric to government and industry AI initiatives that hyperscale data centers currently cannot address, highlighting a niche market for specialized AI chips.
Timeline
- — Quadric Extends Series C to $46M with Second Close led by World Bank's IFC (PR Newswire)
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