About QUAISE
QUAISE is an Energy & Utilities company based in Dorado (United States) founded in 2018 by Carlos Araque and Matt Houde. Geothermal energy is harnessed via gyrotron-powered drilling systems. QUAISE has raised $116.1 million across 6 funding rounds from investors including Hostplus, Nabors and Mitsubishi Corporation. Its chief executive, as recorded, is Carlos Araque. QUAISE offers products and services including Millimeter Wave Drilling Technology and Geothermal Energy Systems. Its focus areas include Energy, Geothermal Energy, Equipment Manufacturer and Multi-Equipment. Its legal entity is Quaise Energy.
Company details
QUAISE was founded in 2018 and is headquartered in Dorado, Puerto Rico. Drilling systems for geothermal energy extraction are manufactured by the company. A gyrotron-powered drilling platform is developed to enable deeper access to heat resources. Operations focus on advanced energy technologies within the renewable sector, supporting sustainable power generation efforts.
- Headquarters Dorado, United States
- Founders Carlos Araque, Matt Houde
- SectorsEnergy & Utilities
- Website quaise.energy
- Social LinkedIn YouTube
- Legal Name Quaise Energy
- Total Equity Funding$116.1M (USD)
in 6 rounds
- Latest Funding Round$21M (USD), Series A
Mar 2024
- InvestorsHostplus
& 11 more
Products & Services of QUAISE
QUAISE offers a comprehensive portfolio of products and services, including Millimeter Wave Drilling Technology and Geothermal Energy Systems.
Advanced drilling technology is employed by Quaise Energy to vaporize rock and access deep geothermal heat without the need for complex downhole equipment
Fossil fuel infrastructure is repurposed by Quaise Energy for generating clean geothermal steam, facilitating a faster transition to renewable energy sources
Apps and channels of QUAISE
its YouTube channel Quaise Energy has 4.51K subscribers and 11 videos.
Videos from QUAISE
The most watched videos on QUAISE's YouTube channel, Quaise Energy (4.51K subscribers). Click a video to play it here.
More on Quaise Energy.
Funding Insights of QUAISE
QUAISE has successfully raised a total of $116.1M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $21 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $116.1M
- Total Rounds 6
- Last Round Series A — $21M
- First Round $6.03M
(Jun 2020)
- Investors Count 12
All 6 funding rounds of QUAISE with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | $21M | Series A | – | Prelude Ventures, Safar Partners | |
| Nov 2023 | $13.08M | Series A | – | – | – |
| Jun 2022 | $12M | Series A | – | TechEnergy Ventures | |
| Jan 2022 | $51.99M | Series A | – | Safar Partners | |
| Jul 2021 | $12M | Seed | – | Nabors | – |
| Jun 2020 | $6.03M | Seed | – | Engine Ventures |
12 investors in total: 11 institutional and 1 angel.
Investors in QUAISE
QUAISE has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Hostplus, Nabors and Mitsubishi Corporation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Climate companies are invested in by this venture capital firm. | preludeventures.com | San Francisco, United States | ||
Safar Partners is engaged in investing in technology startups. | 2018 | safar.partners | Cambridge, United States | |
TechEnergy Ventures is focused on accelerating the energy transition through investments. | techenergyventures.com | |||
VC fund investing in technology startups | xplorer.vc | Menlo Park, United States | ||
Venture capital is provided for disruptive scientific innovations. | finestructure.vc | Cambridge, United States | ||
Private equity firm investing in multiple sectors | collabfund.com | New York, United States | ||
Early-stage technology startups are funded by Engine Ventures venture capital. | engineventures.com | Cambridge, United States | ||
Natural gas and petroleum are distributed and traded globally. | 1954 | mitsubishicorp.com | New York, United States | |
Standard Industries is engaged in building solutions and materials. | standardindustries.com | New York, United States | ||
Pension funds are managed for Australian superannuation members. | 1988 | hostplus.com.au | Melbourne, Australia |
Investor details for QUAISE
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of QUAISE
37 people are tracked at QUAISE (9 in leadership, 1 in board & advisors, 27 in team).
| Name | Role | Group |
|---|---|---|
Carlos Araque | Founder & CEO | Leadership |
Matt Houde | Co-Founder | Leadership |
Kevin Bonebrake | CFO | Leadership |
Henry Phan | VP, Engineering | Leadership |
Franck Monmont | VP, Research | Leadership |
Justin Lamb | Head Of Field Operations | Leadership |
James Benetatos | Head Of Business Development | Leadership |
Geoffrey Garrison | Vice President Operations | Leadership |
Trenton Cladouhos | Vice President, Geothermal Resource Development | Leadership |
Matthew Houde | Co-Founder | Board & advisors |
Connor Treadwell | Facilities Technician | Team |
Saul Valdez | Technician | Team |
Sean Broderick | Engineer | Team |
Logan Ashcraft | Capital Markets & Strategic Finance | Team |
Thomas Meeks | Designer | Team |
Mark Shool | Designer | Team |
Sasha Siy | Engineer | Team |
Emilie Garnier | Engineer | Team |
Casey Rodgers | Engineer | Team |
Andres Calabressi | Project Manager | Team |
17 more people are available in the full profile.
Complete people profiles for QUAISE
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of QUAISE
3 dated milestones of QUAISE across 6 years, from founding to its latest funding, stage changes and deals.
- Founded QUAISE is founded.
- Funding First funding round of $6.0M.
- Funding Latest funding round, Series A, of $21.0M.
Web traffic of QUAISE
The website of QUAISE (quaise.energy) receives about 5.1K visits a month.
- Monthly visits5.1K
▼ 2.5% vs previous month
Websites whose visitors overlap most with QUAISE. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
energystartups.org | energystartups.org | 100% | – | ||
| fervoenergy.com | 90% | 51.4K | #650,877 | View details |
Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as QUAISE (Renewable & Sustainable Energy) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168.67 M | |||
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | 1,276 | ||
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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Related news about Quaise
Complete news archive for QUAISE
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Frequently Asked Questions about QUAISE
QUAISE was founded in 2018 and raised its 1st funding round 2 years after it was founded.
QUAISE is headquartered in Dorado, United States. It is registered at Dorado, Puerto Rico, United States.
Carlos Araque is the CEO of QUAISE, as recorded in our data. They have also founded this company.
QUAISE is a funded company, having raised a total of $116.1M across 6 funding rounds to date. The company's 1st funding round was a Seed of $6.03M, raised on Jun 2020.
QUAISE was founded in 2018 and is headquartered in Dorado, Puerto Rico. Drilling systems for geothermal energy extraction are manufactured by the company. A gyrotron-powered drilling platform is developed to enable deeper access to heat resources. Operations focus on advanced energy technologies within the renewable sector, supporting sustainable power generation efforts.
QUAISE offers Millimeter Wave Drilling Technology and Geothermal Energy Systems.
QUAISE has 12 investors. Key investors include Hostplus, Nabors, Mitsubishi Corporation, Prelude Ventures, and Safar Partners.
QUAISE operates through Quaise Energy.