LOS ANGELES – Design startup Quilter has raised $10 million in Series A funding for its goal of building an AI compiler for circuit boards to speed up the design process.
The company said its software uses a form of artificial intelligence similar to what Google employed to defeat a Chinese grand master at the ancient game of Go, and its technology becomes better at building circuit boards over time with the goal to completely automate the process.
"Just because (software) got to 90% completion doesn't mean it did 90% of the work," Quilter CEO Sergiy Nesterenko said in an interview with Reuters. "That remaining 10% of the work that is left is really, really difficult."
Over the last nine months, Quilter has been in closed beta with a small group of engineers who have generated more than 100,000 unique PCB designs, and as of Feb. 13, the software has moved into an open beta that is free for anyone who wants to access it, the company said.