When was Quilt founded?

Quilt was founded in 2022 and raised its 1st funding round 1 year after it was founded.

Where is Quilt located?

Quilt is headquartered in Redwood City, United States.

Who is the current CEO of Quilt?

Paul Lambert of Quilt. They have also founded 1 company.

How many employees does Quilt have?

As of Mar 31, 2026, the latest employee count at Quilt is 62.

Is Quilt a funded company?

Quilt is a funded company, having raised a total of $62M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 16, 2023.

When was the latest funding round of Quilt?

Quilt's latest funding was a $***** Series B round on Dec 08, 2025, with participation from 6 investors.

Where does Quilt rank among its competitors?

Quilt ranks 17th amongst 1127 active competitors, of which 187 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Quilt, which secured $20M in Dec, 2025.

Who are the top competitors of Quilt?

Quilt's top competitors include ecobee, Optimum Energy and Smart Joules. Among them, Quilt secured the most recent funding round in December, 2025.

Quilt - 2026 Company Profile, Team, Funding & Competitors

Quilt is a series B company based in Redwood City (United States), founded in 2022 by Bill Kee, Matthew Knoll and Paul Lambert. It operates as an AI-based heat control systems for homes. Quilt has raised $62M in funding from investors like Energy Impact Partners, Galvanize Climate Solutions and Gradient Ventures. The company has 1127 active competitors, including 187 funded and 80 that have exited. Its top competitors include companies like ecobee, Optimum Energy and Smart Joules.

Company Details

AI-based heat control systems for homes. It designs and develops smart heat pumps for consumer applications. Its ductless heat pump systems help in heating, ventilation, and air conditioning buildings.

Website: www.quilt.com/
Email ID: *****@quilt.com

Key Metrics

Founded Year

2022

Location

Redwood City, United States

Stage

Series B

Total Funding

$62M in 3 rounds

Latest Funding Round

Series B, Dec 08, 2025, $*****

Investors

Energy Impact Partners & 13 more

Ranked

17^th among 1127 active competitors

Employee Count

62 as on Mar 31, 2026

Similar Companies

ecobee & 1108 more

View Quilt's full profile

Quilt is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Quilt Systems Inc. CIN: 820711814 , United States, Active	Dec 31, 2021	-	-	-

Quilt has raised a total funding of $62M over 3 rounds. Its first funding round was on May 16, 2023. Its latest funding round was a Series B round on Dec 08, 2025 for $*****. 6 investors participated in its latest round. Quilt has 13 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Quilt:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 08, 2025	2503376	Series B	5190423	4793039	9612606	6552128
Apr 16, 2024	8252028	Series A	1868435	1985179	4828556	Lowercarbon Capital & 5 more
May 16, 2023	4916932	Seed	3932183	5790907	Lowercarbon Capital & 1 more	MCJ Collective & 4 more

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View details of Quilt's funding rounds and investors

The founders of Quilt are Bill Kee, Matthew Knoll and Paul Lambert. Paul Lambert is the CEO of Quilt.

Here are the details of Quilt's key team members:

Bill Kee: Co-Founder & COO of Quilt.
Matthew Knoll: Co-Founder & CTO of Quilt.
Contact Info: 1 email address
Paul Lambert: Co-Founder & CEO of Quilt.
Contact Info: 1 email address

Quilt's Board of Directors

Quilt's board has 1 active member. Ethan James Jackson is independent board member.

Here is the list of Quilt's board of directors:

Name	Type	Representing	Status	Duration
Ethan James Jackson	Independent board member	-	Current	8y 9m

View details of Quilt's Founder profiles and Board Members

Quilt's employee count trend

Quilt has 62 employees as of Mar 26. Here is Quilt's employee count trend over the years:

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Top competitors of Quilt include ecobee, Optimum Energy and Smart Joules. Here is the list of Top 10 competitors of Quilt, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	ecobee 2007, Toronto (Canada), Acquired	Manufacturer of smart thermostats, sensors, cameras, and security system bundles	$155M	Relay Ventures, Tech Capital Partners & 14 others	79/100
2nd	Optimum Energy 2005, Seattle (United States), Acquired	SaaS-driven HVAC optimization software for commercial spaces	$40.9M	Edison Energy, Columbia Pacific Advisors & 3 others	69/100
3rd	Smart Joules 2014, Delhi (India), Series B	Provider of energy efficiency solutions for commercial and industrial buildings	$20.7M	Asian Development Bank, European Development Finance Institutions ... & 26 others	68/100
4th	Gradyent Technologies 2019, Rotterdam (Netherlands), Series B	Provider of AI & cloud-based solutions to optimize heat network	$42.5M	Capricorn Partners, Helen Ventures & 5 others	67/100
5th	Savant Systems 2005, Barnstable (United States), Late Stage	App and hub for connected device management	$90M	KKR, Connecticut Innovations	67/100
6th	METRON 2013, Paris (France), Series B	Developer of energy management and optimization system for various sectors	$55.5M	Breed Reply, Ntt Docomo Ventures & 9 others	66/100
7th	Mysa 2016, St John s (Canada), Series B	Provider of app-based connected thermostats	$22.9M	BDC, Cycle Capital & 7 others	66/100
8th	Cohesion 2018, Chicago (United States), Series A	Provider of a platform for smart building management and operations	$30.5M	HPA, Morgan Stanley Next Level Fund & 8 others	65/100
9th	Amp 2009, Mississauga (Canada), Acquired	Developer of renewable energy assets, battery storage, and digital energy platforms	$528M	ZOMALAB, The Carlyle Group & 7 others	65/100
10th	BrainBox AI 2017, Montreal (Canada), Acquired	Developer of an AI platform for building HVAC system optimization	$103M	ABB, Quebec & 8 others	65/100
17th	Quilt 2022, Redwood City (United States), Series B	AI-based heat control systems for homes	$62M	Energy Impact Partners, Gradient Ventures ... & 12 others	63/100