Amount Raised
$12 Million
Round Type
Funding Round
CambridgeEnergyDescription
Quaise Inc., an energy company pioneering millimeter wave drilling technology to access deep geothermal energy (“Quaise”), today announced that it has raised $12 million in financing from Nabors Industries (“Nabors”), a leading provider of advanced technology for the global energy industry and one of the world’s largest land drilling companies. The proceeds of this financing will be utilized to accelerate development of Quaise’s millimeter wave drilling technology towards its first field demonstration in the Western U.S., uniquely positioning the company to scale geothermal energy to terawatts.
Who else raised in Energy around the same time
Companies in the same sectors as Quaise Energy, Inc. that raised within 45 days of this round, from Fundz verified event records.
- Citron Energy, Inc. raised $700K (Seed) on September 17, 2021.
- Enchant Energy Corp raised $100K (Pre-Seed) on September 17, 2021.
- Arcadia raised $96M on September 15, 2021.
- Silfab Solar raised an undisclosed amount on September 15, 2021.
- Arcadia raised $21M on September 15, 2021.
- Carbon Capture America, Inc. raised $8.9M on September 14, 2021.
Who to call at Quaise Energy, Inc., and when
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Quaise Energy, Inc. raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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