How the Quant Score works
Every tracked company gets a single Quant Score from 0–100. It blends four signals of momentum, each measured from sourced data and normalized within the company’s technology track — so a seed-stage photonics startup is judged against its peers, not against a public giant. The weights below are public; the exact formulas are proprietary.
Capital raised over 18 months, decayed by recency and weighted against track peers — momentum, not lifetime totals.
Filing velocity over 12 months (with a 36-month trend), rewarding consistency over one-off bursts.
Headcount growth over 6 months, weighted by team size — hiring as a leading indicator of conviction.
Papers and citations over 12 months — the science behind the roadmap.
Worked example — IQM
Normalization & cadence
Each raw component is converted to a percentile rank within the company’s track, then combined by the weights above. Scores are recomputed weeklyand stored as immutable snapshots under a versioned model — we never rewrite history, so every trend line stays true. Missing data is treated conservatively (the track’s 25th percentile, flagged), never as a zero. Weekly movement is capped to absorb source glitches.
What's live, and what isn't
We'd rather tell you what we don't yet have than imply false precision. A component with no live pipeline is scored neutrally (its track's 25th percentile) and flagged, never invented.