Quaise
Company

Last deal

$13M

Amount

Venture - Series Unknown

Stage

12.12.2023

Date

3

all rounds

$83M

Total amount

date founded

Financing round

General

About Company
Quaise develops millimeter-wave drilling technology to access deep geothermal energy.

Industry

Sector :

Subsector :

Keywords :

Also Known As

Quaise Energy

founded date

01.01.2018

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

Quaise is a Cambridge-based energy company that aims to unlock geothermal energy on a global scale by developing and commercializing novel millimeter-wave drilling systems. Their technology allows for the building of geothermal wells at unprecedented depths and temperatures, providing access to a source of clean electricity and high-grade heat energy. By scaling through the established supply base of the fossil fuel industry, they aim to achieve terawatt-level annual deployments to successfully decarbonize the global energy system.
Contacts

Contact Email

Phone number

Social url

Similar Companies
296
GA Drilling

GA Drilling

GA Drilling is a high-tech company that develops and commercializes a groundbreaking drilling technology platform called PLASMABIT.

Sector

Oil, Gas and Coal

Subsector

Offshore Drilling and Other Services

Location

Trnava, Slovakia

total rounds

11

total raised

$51.87M
Geothermal Technologies

Geothermal Technologies

Geothermal Technologies is a sustainable energy company that provides global access to clean, economically competitive geothermal energy.

Sector

Oil, Gas and Coal

Subsector

Oil Equipment and Services

Keywords

Energy, Renewable Energy

total rounds

3

total raised

$1.65M
CeraPhi Energy

CeraPhi Energy

CeraPhi Energy develops geothermal projects with proprietary technology for energy solutions.

Sector

Oil, Gas and Coal

Subsector

Oil Equipment and Services

Location

Great Yarmouth, UK

total rounds

1
DeepPower

DeepPower

DeepPower develops groundbreaking geothermal drilling technology to tap into the Earth's abundant clean energy source.

Sector

Oil, Gas and Coal

Subsector

Offshore Drilling and Other Services

Keywords

Energy, Renewable Energy

Location

Lehi, UT, USA

total rounds

1

total raised

$2M

Financials

Funding Rounds
5
3

Number of Funding Rounds

$83M

Money Raised

Their latest funding was raised on 12.12.2023. Their latest investor Mitsubishi Corporation. Their latest round Venture - Series Unknown

Date 
Funding Round 
Investors 
Money Raised 
Lead 
Safar Partners

Safar Partners

Safar Partners is a venture capital firm that invests in technology companies from MIT, Harvard, and the University of Rochester.

Sector

Closed End Investments

Subsector

Closed End Investments

Location

Cambridge, MA, USA

count Of Investments

57

count Of Exists

1
Prelude Ventures

Prelude Ventures

Prelude Ventures invests in ClimateTech startups that reduce carbon and optimize resources.

Sector

General Industrials

Subsector

Diversified Industrials

Keywords

Venture Capital, Financial Services, CleanTech

Location

San Francisco, CA, USA

count Of Investments

115

count Of Exists

7
TechEnergy Ventures

TechEnergy Ventures

TechEnergy Ventures is a corporate venture capital firm that invests globally in early-stage to growth technology companies.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Keywords

Venture Capital, Energy, Financial Services

Location

Buenos Aires, Argentina

count Of Investments

10
Safar Partners

Safar Partners

Safar Partners is a venture capital firm that invests in technology companies from MIT, Harvard, and the University of Rochester.

Sector

Closed End Investments

Subsector

Closed End Investments

Location

Cambridge, MA, USA

count Of Investments

57

count Of Exists

1
Co-Investors
Investors
15
5

Number of lead investors

15

Number of investors

Investor 
Lead 
Round 
Partners 
No
Venture - Series Unknown
Yes
Series A, Venture - Series Unknown
No
Seed, Series A
Mitsubishi Corporation

Mitsubishi Corporation

Mitsubishi Corporation is Japan's largest trading company and a global integrated business enterprise.

Sector

General Industrials

Subsector

Diversified Industrials

Location

Tokyo, Japan

count Of Investments

75

count Of Exists

10
Prelude Ventures

Prelude Ventures

Prelude Ventures invests in ClimateTech startups that reduce carbon and optimize resources.

Sector

General Industrials

Subsector

Diversified Industrials

Keywords

Venture Capital, Financial Services, CleanTech

Location

San Francisco, CA, USA

count Of Investments

115

count Of Exists

7
Mark Cupta

Mark Cupta

Mark is a Principal with Prelude Ventures, having joined the firm in 2013 upon completion of his MBA at Stanford University. During his MBA program, Mark worked at early-stage investment firm Terawatt Ventures, as a member of the corporate venture capital team at Chevron Technology Ventures, and with sustainable chemistry growth start-up Novomer. Prior to business school, Mark spent more than five years with Celanese Corporation, a Fortune 500 company specializing in advanced materials and technology. Mark held a number of technical roles in new product development, application development, and process design, as well as commercial roles in technical marketing and business strategy. He was recognized for developing the company's most innovative new application of the year and the most creative value-pricing strategy. Mark serves on the board of directors for Citrine and Benson Hill Biosystems and actively manages the firm’s investments in Arvegenix, MineSense, Pivot Bio, PLANT PV, polySpectra, Renew Financial, and Zymergen. He also serves as a mentor for the Stanford GSB Impact Labs Program, as well as for NREL, InvestMidwest, and the Energy Excelerator. Mark received a BS and MS in Chemical & Bio-molecular Engineering from Georgia Tech, and an MBA from the Stanford Graduate School of Business where he specialized in venture capital and entrepreneurship and was Co-President for the Challenge for Charity (largest MBA run non-profit organization.) Mark has authored patents and publications in a wide variety of technologies, including microelectronics, non-woven polymeric materials, cementitious additives, polymeric barrier-layers, controlled release pharmaceuticals, and pulp & paper additives.

current job

Creative Destruction Lab (CDL)
Creative Destruction Lab (CDL)
Collaborative Fund

Collaborative Fund

Collaborative Fund is an investment fund that supports companies based on creativity and collaborative consumption.

Sector

Closed End Investments

Subsector

Closed End Investments

Keywords

Financial Services, Venture Capital, Finance

Location

New York, NY, USA

count Of Investments

237

count Of Exists

34

People

Founders
4
Matthew Houde
Matthew Houde

Matthew Houde

Matthew Houde is the Co-Founder and Project Manager at Quaise.

current job

Quaise
Quaise

organization founded

1

Matthew Houde

Paul Woskov
Paul Woskov

Paul Woskov

Paul Woskov is the Co-Founder of Quaise.

current job

Quaise
Quaise

organization founded

1

Paul Woskov

Carlos Araque
Carlos Araque

Carlos Araque

Carlos Araque is the co-founder and CEO of Quaise.

current job

Quaise
Quaise

organization founded

1

Carlos Araque

Aaron Mandell
Aaron Mandell

Aaron Mandell

current job

AltaRock Energy
AltaRock Energy

organization founded

5

Aaron Mandell

Employee Profiles
6
Franck Monmont

Franck Monmont

Vice President of Research

Henry Phan

Henry Phan

Vice President Of Engineering

Matthew Houde

Matthew Houde

Co-Founder and Project Manager

Paul Woskov

Paul Woskov

Co-Founder

Carlos Araque

Carlos Araque

Co-Founder and CEO

Aaron Mandell

Aaron Mandell

Co-Founder

Activity

Recent News
4
News Timeline

The graph reveals the ratio (%) of positive news articles in a chosen time range

month