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Quartermaster AI raises ~$170M in equity sales across two offerings, SEC filings spill the beans

The filings record $122.6M sold in September and $48.6M in April, while recent reporting put its Series B at $140M including debt.

By Ryan Merket · Published Sep 29th, 2026, 2:28pm CT

Two separate stacks of filing papers represent Quartermaster AI’s reported equity offerings, with one stack noticeably thicker than the other.

The filings record $122.6M sold in September and $48.6M in April, while recent reporting put its Series B at $140M including debt.

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