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 Oct 31, 2026, the latest employee count at Quilt is 65.

Is Quilt a funded company?

Quilt is a funded company, having raised a total of $64M 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. Its primary sector is Smart Homes. In United States, the Smart Homes sector has seen $287M in funding in 2026 to date.

Where does Quilt rank among its competitors?

Quilt ranks 18th amongst 2192 active competitors, of which 356 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Sense, which secured an undisclosed amount in Jan, 2026.

Who are the top competitors of Quilt?

Quilt's top competitors include SPAN, Landis+Gyr and Bidgely. Among them, Sense secured the most recent funding round in January, 2026.

Quilt - 2026 Company Profile, Team, Funding & Competitors

Company Details

Quilt is building the modern home energy system, starting with HVAC, the largest energy load in the house. Its first product, a ductless heat pump, is the smartest way to heat and cool your home. With industry-leading SEER2 and HSPF2 ratings, it is 20% more efficient than comparable ductless heat pumps, with sleek, architectural design, intuitive room-by-room control, real-time energy usage tracking, and radar-based occupancy detection. Every Quilt system is connected and updatable over the air, so performance improves after installation rather than degrading. That architecture is protected by a portfolio of issued and pending patents spanning hardware design, software control, and distributed system architecture. Every system is sold and installed by a Quilt Certified Partner. The network was built from zero starting in 2025 and now spans more than 150 partners across 46 U.S. states and Canadian provinces. Monthly installs grew over 5x in the first half of 2026, and customer satisfaction is 4.7 out of 5.

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

Key Metrics

Founded Year

2022

Location

Redwood City, United States

Stage

Series B

Total Funding

$64M in 3 rounds

Latest Funding Round

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

Investors

Energy Impact Partners & 14 more

Ranked

18^th among 2192 active competitors

Employee Count

65 as on Oct 31, 2026

Similar Companies

SPAN & 2406 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	Reports
Quilt Systems Inc. CIN: 820711814 , United States, Active	Dec 31, 2021	-	-	-

Quilt has raised a total funding of $64M 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 14 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	3077225	Series B	4244976	5365131	9749521	2243308
Apr 16, 2024	2092210	Series A	8870121	3816887	4088294	Lowercarbon Capital & 5 more
May 16, 2023	9650358	Seed	7347619	9062476	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 Matthew Knoll and Paul Lambert. Paul Lambert is the CEO of Quilt.

Here 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
Ethan James Jackson	Independent board member	-	Current	-

View details of Quilt's Founder profiles and Board Members

Quilt's employee count trend

Quilt has 65 employees as of Oct 26. Here is Quilt's employee count trend over the years:

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Top competitors of Quilt include SPAN, Landis+Gyr and Bidgely. 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	SPAN 2014, San Francisco (United States), Series C	Smart energy management technology platform that modernizes residential electrical systems	$419M	Wellington, Fifth Wall & 35 others	74/100
2nd	Landis+Gyr 1896, Cham (Switzerland), Acquired	Manufacturer of electric meters and grid edge data management software	$1.03B	Triodos Investment Management, Hudson Clean Energy Partners ... & 3 others	73/100
3rd	Bidgely 2011, Mountain View (United States), Series C	Provider of a solution for consumers to monitor and manage their household energy use	$87.7M	Khosla Ventures, Georgian & 12 others	71/100
4th	Tibber 2016, Stockholm (Sweden), Series C	Provider of a digital platform for electricity consumption management and insights	$177M	Founders Fund, Summa Equity & 10 others	70/100
5th	Fracttal 2014, Santiago (Chile), Series C	Cloud-based enterprise asset management solutions	$52.3M	Riverwood Capital, Scale Capital & 8 others	69/100
6th	Smart Joules 2014, Delhi (India), Series B	Provider of AI-powered energy efficiency solutions for commercial buildings	$20.7M	Asian Development Bank, Aarem Ventures & 26 others	69/100
7th	Sense 2013, Cambridge (United States), Series D	Smart energy platform providing real-time electricity usage insights for homes and utilities	$177M	Energy Impact Partners, IDO Investments & 21 others	68/100
8th	Inspur 1983, China, Public	Provider of cloud computing, data center, and enterprise software solutions	-	gf.fund, Xinding Capital & 8 others	67/100
9th	Ecotrak 2015, Irvine (United States), Acquired	Provider of SaaS-driven CMMS software for commercial spaces	$32.1M	Respida Capital, Gala Capital Partners & 2 others	66/100
10th	Plentify 2008, Cape Town (South Africa), Series A	Provider of SaaS-driven and AI grid optimisers for building management	$15M	Telus, simple.Capital & 12 others	65/100
18th	Quilt 2022, Redwood City (United States), Series B	Manufacturer of advanced ductless heat pump systems for residential climate control	$64M	Energy Impact Partners, W Ventures & 13 others	62/100