Tech Company Financing Transactions
Quaise Energy Funding Round
Quaise Energy, based in Cambridge, received $180 million from Idemitsu Kosan, Nabors Industries and Prelude Ventures.
Transaction Overview
Company Name
Announced On
8/27/2026
Transaction Type
Venture Equity
Amount
$180,000,000
Round
Series B
Investors
Proceeds Purpose
The company intends to use the funds to finance Project Obsidian, and accelerate the commercialization of its millimeter wave drilling system toward depths in excess of 5 km.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
501 Massachusetts Ave.
Cambridge, MA 02139
USA
Cambridge, MA 02139
USA
Phone
Website
Email Address
Overview
Our work is a necessity, not an option. Deep geothermal energy is at the core of an energy-independent world. Our mission is to bring this inexhaustible, renewable, clean energy source to future generations. This is the profound power of deep geothermal. We are unlocking energy for all.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Carlos Araque
Chief Financial Officer
Kevin Bonebrake
VP - Administration
Matthew Houde
VP - Bus. Development
Trenton Cladouhos
VP - Engineering
Henry Phan
VP - Marketing
Diane Hughes
VP - Operations
Geoffrey Garrison
VP - R & D
Franck Monmont
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We do our best to record all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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