Quartic Company Profile
Quartic, founded in 2016 and based in San Jose, CA, is a private company with 78 employees that develops an AI-driven industrial IoT platform to help manufacturers optimize and control their operations by improving batch processes, reducing waste, and enhancing product quality, having raised multiple funding rounds including a recent $7.5M later-stage VC round in March 2024 from six investors.
Overview
- Year Founded: 2016
- Status: Private
- Employees: 78
- Latest Deal Type: Later Stage VC
- Latest Deal Amount: $7.5M
- Investors: 6
General Information
Quartic is a developer of an artificial intelligence-based industrial and enterprise platform designed to help manufacturers predict and control their manufacturing operations' current and future state. The platform leverages industrial internet-of-things (IoT) technology to provide pipeline acceleration, tech transfer, quality by design (QBD), continued process verification (CPV), real-time (RTR), and continuous manufacturing. This enables manufacturers to improve batch operations, decrease waste, reduce the need for quality checks, and deliver better products faster.
Contact Information
- Website: www.quartic.ai
- Corporate Office:
- 240 East Gish Road
- San Jose, CA 95112
- United States
- Primary Industry: Business/Productivity Software
- Other Industries: Automation/Workflow Software
- Verticals: Advanced Manufacturing, Big Data, Industrials, Artificial Intelligence & Machine Learning, Internet of Things
Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Status | Stage |
|---|---|---|---|---|---|
| Later Stage VC | 25-Mar-2024 | $7.5M | Completed | Generating Revenue | |
| Later Stage VC (Series A1) | 17-May-2022 | Completed | Generating Revenue | ||
| Accelerator/Incubator | 11-Apr-2020 | Completed | Generating Revenue | ||
| Early Stage VC (Series A) | 06-Nov-2019 | $5M | $7M | Completed | Generating Revenue |
| Seed Round | 03-Sep-2018 | $2M | $2M | Completed | Generating Revenue |
Cap Table (Partial)
| Stock | # of Shares Authorized | Par Value | Dividend Rate (%) | Original Issue Price | Liquidation | Liquidation Pref. Multiple | Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Seed 2 | 8,214,605 | $0.000010 | 8% | $0.24 | $0.24 | 1x | $0.24 | 5.42% |
| Seed | 45,000,000 | $0.000010 | 8% | $0 | $0 | 1x | $0 | 29.67% |
Investors (Partial)
| Investor Name | Investor Type |
|---|---|
| ZS Associates | Corporation |
| AI Venture Labs | Accelerator/Incubator |
| Celesta Capital | Venture Capital |
| Good Capital (India) | Venture Capital |
| (Angel, individual) | Angel |
Competitors (Partial)
| Company Name | Financing Status | Location |
|---|---|---|
| Sciemetric Instruments | Corporate Backed/Acquired | Ottawa, Canada |
| Aeris Communications | Private Equity-Backed | San Jose, CA |
| Altizon | Venture Capital-Backed | Princeton, NJ |
| XMpro | Corporation | Dallas, TX |
| HighByte | Venture Capital-Backed | Portland, ME |
FAQs
When was Quartic founded?
Quartic was founded in 2016.
Where is Quartic headquartered?
Quartic is headquartered in San Jose, CA.
What is the size of Quartic?
Quartic has 78 total employees.
What industry is Quartic in?
Quartic’s primary industry is Business/Productivity Software.
Is Quartic a private or public company?
Quartic is a Private company.
What is Quartic’s current revenue?
The current revenue for Quartic is not disclosed.
How much funding has Quartic raised over time?
Quartic has raised $20M.
Who are Quartic’s investors?
ZS Associates, AI Venture Labs, Celesta Capital, Good Capital (India), and others are among the investors in Quartic.
Who are Quartic’s competitors?
Sciemetric Instruments, Aeris Communications, Altizon, XMpro, and HighByte are some of the competitors of Quartic.