Quilt - About the company
Quilt is a series B company based in Redwood City (United States), founded in 2022 by 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 1170 active competitors, including 187 funded and 90 that have exited. Its top competitors include companies like ecobee, Optimum Energy and Tibber.
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
Investors
Ranked
11th among 1170 active competitors
Employee Count
67 as on Jun 30, 2026
Legal entities associated with Quilt
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 | - | - | - |
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Quilt's funding and investors
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 | 6504913 | Series B | 3151050 | 9822542 | 9211446 | 6449097 |
Apr 16, 2024 | 8755462 | Series A | 9833403 | 9281162 | 9431367 | |
May 16, 2023 | 5135557 | Seed | 1260404 | 1826754 |
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Quilt's founders and board of directors
Founder? Claim ProfileHere are the details of Quilt's key team members:
- 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 |
|---|---|---|---|---|
Independent board member | - | Current | 9y 1m |
View details of Quilt's Founder profiles and Board Members
Quilt's employee count trend
Quilt has 67 employees as of Jun 26. Here is Quilt's employee count trend over the years:
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Quilt's Competitors and alternates
Top competitors of Quilt include ecobee, Optimum Energy and Tibber. Here is the list of Top 10 competitors of Quilt, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Manufacturer of smart thermostats, sensors, cameras, and security system bundles | $155M | 78/100 | ||
2nd | Optimum Energy 2005, Seattle (United States), Acquired | SaaS-driven HVAC optimization software for commercial spaces | $40.9M | 69/100 | |
3rd | Provider of a digital platform for electricity consumption management and insights | $177M | 69/100 | ||
4th |  Smart Joules 2014, Delhi (India), Series B | Provider of AI-powered energy efficiency solutions for commercial buildings | $20.7M | 68/100 | |
5th |  Savant Systems 2005, Barnstable (United States), Late Stage | App and hub for connected device management | $90M | 67/100 | |
6th | Developer of energy management and optimization system for various sectors | $55.5M | 67/100 | ||
7th | BrainBox AI 2017, Montreal (Canada), Acquired | Developer of an AI platform for building HVAC system optimization | $103M | 65/100 | |
8th | Developer of renewable energy assets, battery storage, and digital energy platforms | $528M | 65/100 | ||
9th | Provider of clean energy solutions and heat pumps for sustainable homes | $333M | 64/100 | ||
10th | Provider of cloud-enabled property automation and access control solutions | $40.7M | 64/100 | ||
11th |  Quilt 2022, Redwood City (United States), Series B | AI-based heat control systems for homes | $62M | 63/100 |
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Quilt's Investments and acquisitions
Quilt has made no investments or acquisitions yet.
Reports related to Quilt
Here is the latest report on Quilt's geography:
News related to Quilt
Filter this listMedia has covered Quilt for a total of 4 events in the last 1 year, 3 of them have been about company updates.
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Heat pump startup Quilt raises $20M Series B to expand salesTechCrunch+•Dec 08, 2025•Gradient Ventures, Energy Impact Partners, Alumni Ventures, Incite Venture and 3 others
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Quilt Systems Inc. Expands Installed Heat Pump System Capacity via Software UpdateACHR News•Sep 04, 2025•Quilt
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Quilt Announces Exclusive Certified Partner Program and National ExpansionACHR News•May 02, 2025•Quilt
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Quilt heat pump sports sleek design from veterans of Apple, Tesla, and NestTechCrunch+•May 15, 2024•Quilt
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Quilt rides heat pump heat wave with hefty $33M Series AYahoo•Apr 16, 2024•Quilt, Energy Impact Partners, Galvanize Climate Solutions, Garage Capital and 6 others
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Lowercarbon Capital and Gradient Ventures Invest $9M in Quilt for Advanced Residential Heat Pump SystemTullahoma News•May 16, 2023•Quilt, Lowercarbon Capital, Gradient Ventures, Incite Ventures and 6 others
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