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Quartermaster raised $43 million in a Series A funding round led by First Round Capital and Quiet Capital to develop its SmartMast maritime data solution.

PRIVATEMay 20, 2026•3 months ago

Amount Raised

$43 Million

Round Type

Series A

VirginiaPublic Safety

Investors

Quiet CapitalFirst Round Capital

Description

Quartermaster, an Arlington, Virginia-based startup, secured $43 million in a Series A funding round. The investment was co-led by First Round Capital and Quiet Capital. The funds will be used to enhance their SmartMast technology, which provides real-time maritime data. This solution aims to improve the reliability of maritime tracking systems.

Company Information

Company

Quartermaster

Location

Virginia, United States

About

Quartermaster is an Arlington, Virginia-based startup that is developing a maritime sensing solution called SmartMast. This technology consists of advanced sensors that provide real-time maritime data, creating a distributed sensing network designed to improve safety and efficiency in maritime operations. The company aims to address the vulnerabilities of existing maritime identification systems while facilitating various applications in marine autonomy and data collection.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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