Quaise

About

Quaise is an energy company that develops a millimeter-wave drilling technology to access deep geothermal energy.

Cambridge,Massachusetts,United States
1 - 10
https://www.quaise.energy

Highlights

Details

Last Funding Type: Series A
Last Funding Money Raised: $12M
Industries: Advanced Materials,Clean Energy,Energy,Industrial
Founded date: Jan 1, 2018
Number Of Employee: 1 - 10
Operating Status: Active
Legal Name: Quaise, Inc.
Also Known As: Quaise Energy

Quaise is an energy company that is developing and commercializing novel millimeter-wave drilling systems to harness geothermal energy around the globe, overcoming the geographic constraints limiting this energy source today. The company was founded in 2018 and is based in Cambridge, Massachusetts.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

4

$70M

Quaise has raised a total of $70M in funding over 2 rounds. Their latest funding was raised on Jun 8, 2022 from a Series A round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Jun 8, 2022	Series A	$12M	5	TechEnergy Ventures	—	Detail
Feb 8, 2022	Series A	$40M	10	Safar Partners	—	Detail
Aug 4, 2021	Series Unknown	$12M	1	Nabors	—	Detail
Jun 8, 2020	Seed	$6M	4	The Engine	—	Detail

Investors

Number of Lead Investors

Number of Investors

4

14

Quaise is funded by 14 investors. TechEnergy Ventures and Hostplus are the most recent investors.

Investor Name	Lead Investor	Funding Round
TechEnergy Ventures	Yes	Series A
Hostplus	—	Series A
Prelude Ventures	—	Series A
Safar Partners	—	Series A
Xplorer Capital	—	Series A
8090 Industries	—	Series A
8090 Partners	—	Series A
Collaborative Fund	—	Series A
Fine Structure Venture	—	Series A
Helium-3 Ventures	—	Series A