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How the Company That Made Korea's First Radio Quietly Became a Software Business
It started by building Korea's first radio in a country still rebuilding from war. Nearly 70 years later, LG's fastest-growing money comes from the software inside the TV, not the TV itself.
Quilt
Quilt is a Redwood City climate-tech company building a software-defined ductless heat pump for room-by-room home heating and cooling. Founded in 2022 by former Google and Nest people, its system pairs an outdoor compressor with slim indoor heads that carry millimeter-wave occupancy sensors, a Quilt Dial thermostat, and an app that ships over-the-air updates so the hardware gets smarter after install. Quilt sells direct-to-consumer through certified installers and has raised $62M across seed, Series A, and Series B rounds to move households off fossil-fuel heating.
Dandelion Energy
Dandelion Energy is an Alphabet (Google X) spinout that designs, installs, and finances residential and multifamily geothermal heating and cooling systems. By drilling ground loops that tap the earth's stable temperature and pairing them with a proprietary heat pump, Dandelion replaces fossil-fuel furnaces and air conditioners with a single all-electric system that cuts home heating and cooling bills while eliminating on-site emissions. The company has grown into the largest home geothermal provider in the U.S., installing thousands of systems and partnering with the nation's largest production homebuilders and multifamily developers to make geothermal a default option for new construction.