Quilter Raises $10 Million in Series A

Quilter Raises $10 Million in Series A

Quilter, a Los Angeles, CA-based AI company building generative circuit board design software, has raised $10 million in Series A funding.

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.

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.

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