On Tuesday AI startup Quilter picked up $10 million in series-A funding to use a combination of machine learning and high-performance computing (HPC) to make…
Circuit board design startup Quilter announced on Tuesday it raised $10 million, saying it would use artificial intelligence to reduce the time to design components that power electronics in rockets, computers, smartphones and other devices. The Los Angeles-based company's software uses a form of artificial intelligence similar to what Google employed to defeat a Chinese grand master at the ancient game of Go. Quilter's technology becomes better at building circuit boards over time and the company plans to completely automate the process.
The $10 million Series A round was led by one of Silicon Valley s most storied venture capital firms, Benchmark, which made early bets on eBay, Uber, Snap and Meta Platforms Instagram. The company did not disclose the valuation.