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VC-funded Company:

Quaise
501 Mass. Ave.
Cambridge, MA 02139
Phone: 787-400-2277
http://www.quaise.energy/

Quaise is developing and commercializing a hybrid deep drilling method that was invented at the MIT Plasma Science and Fusion Center. Its breakthrough technology uses a gyrotron to generate millimetric electromagnetic waves for drilling at depths beyond what can be accomplished today with conventional drilling. The company is working toward accessing depths of 10-20 km, which would dramatically open the opportunity for this clean, carbon-free and power-dense energy source.

Key Contact
Name
Carlos Araque
Title
CEO
E-Mail
Funding Events

Date
Amount
Type
Investors
Valuation
06/08/20 $6,000,000 Seed Collaborative Fund
Khosla Ventures
The Engine
undisclosed
08/03/21 $12,000,000 Venture Nabors Industries
undisclosed
02/08/22 $40,000,000 Series A Collaborative Fund
Fine Structure Ventures
Nabors Energy Transition Ventures
Prelude Ventures
Safar Partners
The Engine
undisclosed


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