Quilter, a Los Angeles, CA-based AI company building generative circuit board design software, has raised $10 million in Series A funding.
SaaS Investors
The round was led by Benchmark, with participation from Coatue and existing investors, including Root Ventures and Harrison Metal Capital.
Founded in 1995, Benchmark is a venture capital firm based in San Francisco, California. Benchmark focuses on early-stage venture investing in mobile, marketplaces, social, infrastructure, and enterprise software.
Eric Vishria of Benchmark joins Quilter's Board of Directors.
Quilter Use of Funds
The company aims to accelerate research and development (R&D) for electronics companies by utilizing artificial intelligence (AI) to fully automate circuit board design. Quilter is hiring across AI/ML, electronics, and business domains to accelerate product awareness and adoption.
About Quilter
Quilter is on a mission to build a "compiler for circuit boards", and accelerate innovation in electronics. Quilter is a developer of next-generation tooling designed for electrical engineers who build printed circuit boards. The company specializes in using physics-driven generative design to help in the reliable conversion of circuit schematics into PCB designs, enabling hardware engineers to tackle real-world challenges.
Funding Details
Company: Quilter
Raised: $10.0M
Round: Series A
Funding Month: February 2024
Lead Investors: Benchmark
Additional Investors: Coatue, Root Ventures, and Harrison Metal Capital
Company Website: https://www.quilter.ai/
Software Category: Circuit Board Design
Source: https://blog.quilter.ai/series-a/