# 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.

- **Role:** Co-founder & CEO at Quadric
- **Organizations:** Quadric, 21, Inc., Fabbrix, Inc., PDF Solutions
- **Nationality:** Indian-American
- **Education:** PhD (Electrical & Computer Engineering), Carnegie Mellon University, B.Tech, Electronics & Communication Engineering, Indian Institute of Technology Kharagpur
- **Known for:** Three-time technology founder spanning EDA software, cryptocurrency ASICs, and AI processor IP, Co-founded Fabbrix, acquired by PDF Solutions, Co-founded and led Quadric to a reported $270-300M post-money valuation

## Career timeline

- **2002** — Completed B.Tech in Electronics & Communication Engineering at IIT Kharagpur
- **2000s** — Earned PhD at Carnegie Mellon University
- **2000s** — Co-founded Fabbrix, Inc., a design-for-manufacturability software company later acquired by PDF Solutions
- **2013** — Technical co-founder of 21, Inc., focused on power-efficient ASICs for cryptocurrency
- **2016** — Co-founded Quadric with Nigel Drego and Daniel Firu; became CEO
- **2022** — Quadric raised a Series B (~$21M) at roughly a $100M valuation
- **2025** — Quadric licensing revenue grew to $15-20M, up from ~$4M in 2024
- **2026** — Quadric closed a $30M Series C (later extended to $46M with IFC), reaching ~$90M total raised

## Achievements

- Three-time technology founder spanning EDA software, cryptocurrency ASICs, and AI processor IP
- Co-founded Fabbrix, acquired by PDF Solutions
- Co-founded and led Quadric to a reported $270-300M post-money valuation
- Grew Quadric licensing revenue roughly 4-5x year over year into 2025
- Built the Chimera GPNPU architecture scaling from 1 to 864 TOPS and running LLMs up to 30 billion parameters
- Secured investment from the World Bank's International Finance Corporation for on-device AI

## Latest updates

- **2026-01** — Quadric announced a $30M Series C led by BEENEXT Capital Management, bringing total funding to about $72M.
- **2026-01** — TechCrunch profiled Quadric riding the shift from cloud AI to on-device inference, citing licensing revenue of $15-20M in 2025.
- **2026** — Quadric extended its Series C to $46M with a second close led by the World Bank's International Finance Corporation, taking total raised to roughly $90M.

## Links

- Website: https://quadric.ai
- LinkedIn: https://www.linkedin.com/in/veerbhan/
- Twitter/X: https://twitter.com/quadric_io

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Profile page: https://yespress.io/veerbhan-kheterpal
Published by YesPress — https://yespress.io
Last updated: 2026-07-24