Quilter Secures $10M Series A to Revolutionize Circuit Board Design with AI
Quilter is pioneering in the field of generative circuit board design software, aiming to revolutionize how electronics are designed.
Company Name: Quilter
Location: Los Angeles, CA
Sector: AI / Circuit Board Design Software
Funding Details: Raised $10M in Series A funding, led by Benchmark with participation from Coatue and existing investors including Root Ventures and Harrison Metal Capital.
Purpose of Investment: To expand operations, hire across AI/ML, electronics, and business domains, accelerate product awareness and adoption, enhance development efforts, and develop programs and partnerships.
Leadership: Sergiy Nesterenko, Founder and CEO
Product: Generative AI software that acts as a “compiler for circuit boards,” streamlining all aspects of circuit board design using advancements in reinforcement learning, neural nets, and distributed computing. The software integrates with Altium and KiCAD, offering solutions from placement to routing and physics simulations to mitigate issues like crosstalk and electromagnetic interference, producing production-ready solutions in hours.
About Company: Quilter is pioneering in the field of generative circuit board design software, aiming to revolutionize how electronics are designed. With its advanced AI-driven “compiler,” Quilter intends to significantly reduce the time and complexity involved in designing circuit boards, offering a transformative tool for engineers.