Quadric.io, a US-based manufacturer of semiconductors for use in autonomous systems, has landed $15m in a series A round co-led by automotive components manufacturer Denso and its semiconductor subsidiary, NSitexe.
The corporate was joined in the round by Leawood VC, Pear Ventures, Uncork Capital, SV Angel, Cota Capital and Trucks Venture Capital. It has not disclosed details of previous funding but identified the latter five as seed investors.
Founded in 2016, Quadric is developing semiconductors to facilitate artificial intelligence, increase computational processing and reduce power consumption. Denso plans to use the technology in electronic systems it is developing for autonomous driving products.
Veerbhan Kheterpal, Quadric’s chief executive and co-founder, said: “Quadric is the next step in the virtuous cycle of better platforms enabling better algorithms, leading to better app engagement that in turn drives better innovation.”