Quilt Raises US$ 9 Million for Residential Heat Pump System Development

Quilt is a startup founded by Chief Executive Officer (CEO) Paul Lambert, Chief Technical Officer (CTO) Matthew Knoll, and Chief Operating Officer (COO) Bill Kee, who are former executives of Google. Its mission is to ‘create great consumer products from heat pumps’ that offer a better user experience than either traditional ducted unitary air conditioners or ductless mini-splits. On May 16, Quilt announced that it had secured US$ 9 million in seed funding for development of an advanced residential ductless heat pump system.