Tech Company Financing Transactions
Quaise Funding Round
On 8/4/2021, Quaise raised $12 million in funding from Nabors Industries.
Transaction Overview
Company Name
Announced On
8/4/2021
Transaction Type
Venture Equity
Amount
$12,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The proceeds of this financing will be utilized to accelerate development of Quaise's millimeter wave drilling technology towards its first field demonstration in the Western U.S., uniquely positioning the company to scale geothermal energy to terawatts.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
501 Massachusetts Ave.
Cambridge, MA 02139
USA
Cambridge, MA 02139
USA
Phone
Website
Email Address
Overview
We are developing the enabling technologies to unlock this energy source on a global scale. Drilling technologies to reach down to 20 km below the surface and place this energy source within the reach of all humanity. Reservoir technologies to safely and predictably release this energy with the power densities of fossil fuels.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Carlos Araque
VP - Engineering
Henry Phan
VP - R & D
Franck Monmont
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We record funding rounds that are announced publicly. VC investment data records reported here are derived from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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