Back

Quadratic

Company Overview

Quadratic is a modern technical spreadsheet company founded in Boulder, Colorado in 2022. Their mission is to build the best tool for understanding data, enabling everyone to be more capable of working with and analyzing data. Quadratic combines familiar spreadsheet UI and formulas with the power of Python, SQL, JavaScript, and AI to create a next-generation spreadsheet platform.

The company aims to bridge the gap between technical data scientists and everyday spreadsheet users, allowing entire teams to collaborate on data analysis. Quadratic enables users to leverage data science tools with no overhead in a sharable, collaborative environment.

Products Overview

Quadratic’s main product is an infinite canvas spreadsheet that incorporates code capabilities. Key features include:

  1. Support for Python, SQL, JavaScript, and traditional spreadsheet formulas
  2. AI integration powered by GPT-4 for code autocompletion and assistance
  3. Real-time collaboration capabilities
  4. Ability to connect directly to databases and data warehouses
  5. Support for data visualization and charting
  6. Integration with third-party Python libraries
  7. API connectivity for fetching external data
  8. Infinite canvas with pinch-and-zoom navigation
  9. Performance optimized for speed and large datasets

The product is designed to perform smoothly at 60 frames per second, leveraging technologies like Web Assembly and WebGL. It aims to handle millions of cells and rows of data while maintaining responsiveness.

Founding Team

While specific names are not provided, the company mentions having a top team with the aim of having the top 1% of talent in every position. The CEO is identified as David Kircos in some of the blog posts.

Problem and Market Fit

Quadratic addresses the limitations of traditional spreadsheets for technical users and data scientists. It aims to provide a more powerful and flexible platform that can handle complex data analysis tasks while maintaining the familiar spreadsheet interface. The product targets teams that need to collaborate on data analysis, bridging the gap between technical and non-technical users.

Business Model

While specific details of the business model are not provided, Quadratic offers a product that can be tried for free. They likely operate on a freemium or subscription-based model for teams and enterprises requiring advanced features or larger-scale usage.

Funding and Runway

Quadratic announced a $5.6 million seed round on April 2, 2024. The funding round included investors such as Google Ventures, Catapult Ventures, Betaworks, and The Fund. Additionally, they received investment from notable angel investors including:

  • Wes McKinney, Creator of Pandas
  • Amjad Masad, CEO & Founder at Replit
  • Spencer Kimball, CEO & Founder at Cockroach Labs
  • Nick Sullivan, Head of Research at Cloudflare
  • Shawn Wang, Previously in Developer Experience at AWS & Airbyte

Competitive Landscape

While not explicitly stated, Quadratic likely competes with:

  1. Traditional spreadsheet software like Microsoft Excel and Google Sheets
  2. Data analysis platforms like Jupyter Notebooks
  3. Collaborative data science platforms
  4. Business intelligence tools

Quadratic’s unique selling point appears to be its combination of spreadsheet familiarity with advanced coding capabilities and real-time collaboration features.

Customers

No specific customers are mentioned in the provided information.

Relevant News

  1. July 27, 2024: Announced SQL Connections feature
  2. July 1, 2024: Introduced JavaScript capabilities in the spreadsheet
  3. June 13, 2024: Added API request functionality from spreadsheets
  4. May 23, 2024: Implemented a community-led product roadmap
  5. April 2, 2024: Announced $5.6 million seed round and launched Quadratic Teams
  6. March 15, 2024: Shared Python roadmap for the platform
  7. January 28, 2024: Introduced multiplayer functionality
  8. January 9, 2024: Integrated machine learning capabilities into the spreadsheet
  9. April 4, 2023: Launched AI integration with GPT for spreadsheets

The company maintains an active development cycle with regular feature updates and improvements to their platform.

Classification: AI Tier 2

  1. Core AI: Create fundamental AI technologies/base models
  2. AI-Enabled: Core offerings rely on recent AI advances
  3. AI Adopters: Use AI to enhance existing products/services
  4. Non-AI: No AI in products/services

Quadratic’s core spreadsheet platform fundamentally relies on AI for features like GPT-4-powered code autocompletion, making it an AI-Enabled (Tier 2) company.