MIT spinout Quaise has added $12m to its coffers, having previously collected seed funding from The Engine.

Quaise, a US-based geothermal energy technology spinout of Massachusetts Institute of Technology (MIT), has secured $12m in funding from land drilling company Nabors Industries.
Quaise has developed a millimetre wave drilling method for extracting geothermal energy produced and stored within the interior of Earth.
The money will accelerate technology development towards a first field demonstration.
Quaise previously obtained $6m in a seed round led by MIT-aligned tough tech fund and incubator The Engine that also included venture…

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Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
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