processor-ip
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Veerbhan Kheterpal
Veerbhan Kheterpal is the co-founder and CEO of Quadric, a Burlingame, California processor IP company building the Chimera general-purpose neural processor (GPNPU) for on-device AI inference. A three-time technology founder with a PhD from Carnegie Mellon University, he previously co-founded Fabbrix (acquired by PDF Solutions) and was a technical co-founder of 21, Inc. Quadric's software-first architecture aims to run any AI model without the obsolescence that plagues fixed-function AI accelerators, and the company has raised roughly $90M across its funding rounds while scaling licensing revenue sharply through 2025.
Quadric
Quadric is a semiconductor IP company that licenses the Chimera family of general-purpose neural processing units (GPNPUs) - a single, fully C++ programmable processor core that runs machine learning inference alongside classic DSP and control code in one unified architecture. Founded in 2016 by three engineers who previously built bitcoin computing hardware, Quadric aims to fix the fragmentation of on-device AI silicon: instead of a fixed-function neural accelerator that breaks whenever a new model appears, its cores scale from 1 to 864 TOPS and can adopt new networks - including large language models up to 30 billion parameters - through a software port rather than a chip respin.
MIPS
MIPS is a San Jose-based semiconductor IP company with a 40-year heritage in RISC computing. After abandoning its own legacy architecture, MIPS reinvented itself around the open RISC-V instruction set and now builds compute subsystems for autonomous platforms across automotive, industrial, robotics, and edge AI markets. Its Atlas portfolio - spanning Sense, Think, Act, and Communicate building blocks - targets the low-latency, safety-critical demands of what the company calls Physical AI. In July 2025, GlobalFoundries announced a deal to acquire MIPS.