Quilter, a Los Angeles, CA-based AI company building generative circuit board design software, raised $10m in Series A funding.
The round was led by Benchmark with participation from Coatue and existing investors including Root Ventures and Harrison Metal Capital. In conjunction with the funding, Quilter added Eric Vishria of Benchmark to the Board.
The company intends to use the funds to expand operations, hiring for numerous positions across AI/ML, electronics, and business domains to accelerate product awareness and adoption, its development efforts, being now in open beta, expanding current design limitations and enabling compilation of very complex boards with strict design constraints and requirements, and develop programs and partnerships that will help users experiment with Quilter risk-free, and share their projects and designs with their teammates and other members of the community.
Led by Sergiy Nesterenko, Founder and CEO, Quilter aims to build a “compiler for circuit boards”, to accelerate innovation in electronics.
The company is leveraging advancements in reinforcement learning, neural nets, and distributed computing to build a “compiler” that can manage all aspects of circuit board design including placement, routing, stackups, and pours to build production-ready solutions in hours, uses physics simulations to eliminate extra iterations and delays caused by hard-to-spot issues like crosstalk and electromagnetic interference, and designs natively within Altium and KiCAD file formats, and returns files in the same format users gave them to them.
Quilter has been in closed beta with a small community of engineers who have generated more than 100K unique PCB designs.
FinSMEs
13/02/2024