Quaise: Funding, Investors & Team (Oct 2026)
Quaise is a Cambridge-based energy company that was established in 2018. They are actively working on the advancement and commercialization of innovative millimeter-wave drilling technology. Their focus is on extracting geothermal energy worldwide, effectively overcoming existing geographical limitations associated with this energy source.
Quaise has raised $77.0M across 4 funding rounds on record, the most recent an undisclosed round of $13.0M announced in Dec 2023.
That round is below the $15M median round size for Energy companies tracked on FundedIQ over the last two years.
Quaise Company Profile and Key Stats
Latest funding round on record: Dec 2023.
Quaise Funding Rounds
Quaise raised $12.0M in an undisclosed round announced in Aug 2021.
6 months later, a Series A of $40.0M was announced in Feb 2022.
4 months later, a Series A of $12.0M was announced in Jun 2022.
1.5 years later, an undisclosed round of $13.0M was announced in Dec 2023.
Quaise Founders and Leadership Team
Contact details for the Quaise team: 1 of 3 have an email address on file.
Start 14-day free trial →Quaise Funding Compared to Other Energy Startups
Quaise's latest round of $13.0M is below the median round in Energy. Medians cover the last 24 months of disclosed rounds.
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Quaise Funding FAQs
What does Quaise do?
Quaise is a Cambridge-based energy company that was established in 2018. They are actively working on the advancement and commercialization of innovative millimeter-wave drilling technology. Their focus is on extracting geothermal energy worldwide, effectively overcoming existing geographical limitations associated with this energy source.
How much funding has Quaise raised?
Quaise has raised $77.0M across 4 rounds on record. The most recent is an undisclosed round of $13.0M announced in Dec 2023.
When did Quaise last raise funding?
Quaise's most recent funding round on record is an undisclosed round of $13.0M, announced in Dec 2023.
Who founded Quaise?
FundedIQ lists Matthew Houde (Founder), Paul Woskov (Founder) at Quaise.
Who is the CEO of Quaise?
Carlos Araque is listed as CEO at Quaise.
Where is Quaise headquartered?
Quaise is based in Cambridge, Massachusetts, United States.
How many employees does Quaise have?
Quaise is in the 11-50 employee band.
How does Quaise's funding compare to other Energy startups?
Quaise's latest round of $13.0M is below the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.
About FundedIQ's Quaise Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Quaise is left off this page rather than filled in.
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