Quilter is a circuit board design startup based in Los Angeles that uses artificial intelligence to reduce the time to design components that power electronics in rockets, computers, smartphones, and other devices. They recently raised $ 10 million in a Series A round led by Benchmark, a venture capital firm.
Quilter's technology becomes better at building circuit boards over time and the company plans to completely automate the process. The company intends to use the funds to speed up the process from months to weeks or days, reduce costs, and increase the efficiency of boards. The market for printed circuit board design is roughly $ 40 billion to $ 50 billion and will continue to grow substantially. Fully automating circuit board design will help reduce labor costs, which now account for the majority of that spending.
Quilter raises $ 10 million
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