Quilter plc (QLT.L)

Quilter raises $10 million for AI-powered circuit board design, led by Benchmark

Circuit board design startup Quilter announced on Tuesday it raised $10 million, saying it would use artificial intelligence to reduce the time to design components that power electronics in rockets, computers, smartphones and other devices. The Los Angeles-based company's software uses a form of artificial intelligence similar to what Google employed to defeat a Chinese grand master at the ancient game of Go. Quilter's technology becomes better at building circuit boards over time and the company plans to completely automate the process.