MagiQ Technologies - About the company
MagiQ Technologies is a series A company based in Somerville (United States), founded in 1999. It operates as a Developer of optical processing and quantum photonics solutions. MagiQ Technologies has raised $13.8M in funding. The company has 90 active competitors, including 28 funded and 7 that have exited. Its top competitors include companies like QLM, Atomionics and M Squared.
Company Details
Developer of optical processing and quantum photonics solutions. The company specializes in communication and sensing systems engineered for environments where conventional technology fails. Its offerings include quantum-enabled systems that recover, capture, and protect signals, as well as fiber-optic seismic sensors for subsurface data interpretation. Additionally, the company provides interference mitigation systems that restore communications in dense environments and quantum cryptography products designed to secure sensitive networks. PF = Yes
- Website
- magiqtech.com
- Social
Key Metrics
Founded Year
1999
Location
Somerville, United States
Stage
Series A
Total Funding
$13.8M in 12 rounds
Latest Funding Round
Investors
Ranked
28th among 90 active competitors
Employee Count
22 as on Aug 31, 2026
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MagiQ Technologies's funding and investors
MagiQ Technologies has raised a total funding of $13.8M over 12 rounds. Its first funding round was on Nov 04, 2002. Its latest funding round was a Grant (prize money) round on Apr 22, 2025 for $*****. 1 investor participated in its latest round. MagiQ Technologies has 1 institutional investor and 4 angel investors.
Here is the list of recent funding rounds of MagiQ Technologies:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 22, 2025 | 7814148 | Grant (prize money) | 9487555 | 6674616 | 6115220 | 4885814 |
Jun 28, 2021 | 7512717 | Grant (prize money) | 1448842 | 9667932 | 2930436 | |
Jun 13, 2016 | 1978806 | Grant (prize money) | 2205245 | 1029456 | 9026238 |
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MagiQ Technologies' founders and board of directors
Founder? Claim ProfileMagiQ Technologies' employee count trend
MagiQ Technologies has 22 employees as of Aug 26. Here is MagiQ Technologies's employee count trend over the years:
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MagiQ Technologies's Competitors and alternates
Top competitors of MagiQ Technologies include QLM, Atomionics and M Squared. Here is the list of Top 10 competitors of MagiQ Technologies, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | QLM 2017, Paignton (United Kingdom), Series A | Provider of quantum sensing technology for natural gas leak detection | $23.4M | 62/100 | |
2nd |  Atomionics 2018, Singapore (Singapore), Seed | Developer of quantum gravity sensing and AI-powered 3D modeling technology | $14.6M | 60/100 | |
3rd | M Squared 2006, Glasgow (United Kingdom), Series B | Developer of light-sheet microscopy systems for multiple business verticals | $30.7M | 60/100 | |
4th |  QuantumDiamonds 2021, Munich (Germany), Seed | Provider of diamond-based quantum technology | $3.28M | 58/100 | |
5th | Qnami 2016, Muttenz (Switzerland), Acquired | Developer of quantum-based scanning probe microscopes | $7.19M | 56/100 | |
6th | Provider of industrial quantum technology and photonics solutions, specializing in photonics, quantum computing, magnetometers, particle sensors, and atomic gyroscopes | $80M | 52/100 | ||
7th | Zurich Instruments 2008, Zurich (Switzerland), Acquired | Provider of precision measurement instruments and control software | $109K | 51/100 | |
8th |  Delta g 2022, Birmingham (United Kingdom), Seed | Provider of gravity gradient cartography, quantum technical consulting, and other services | $8.11M | 50/100 | |
9th |  Cascoldatom 2020, Wuhan (China), Series A | Developer of quantum computing, quantum precision measurement, and quantum control products | $14M | 50/100 | |
10th | _1570179345552.png?devicePixelRatio=2&height=30&width=30){kind=logo} MiraEx 2016, Ecublens (Switzerland), Acquired | Offers industrial IoT solution combining optical sensors and artificial intelligence technology | $109K | 50/100 | |
28th | MagiQ Technologies 1999, Somerville (United States), Series A | Developer of optical processing and quantum photonics solutions | $13.8M | 29/100 |
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MagiQ Technologies's Investments and acquisitions
MagiQ Technologies has made no investments or acquisitions yet.
Reports related to MagiQ Technologies
Here is the latest report on MagiQ Technologies's sector:
News related to MagiQ Technologies
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MagiQ Technologies Announces New, Next Generation Quantum Cryptography SolutionBusiness Wire•Mar 28, 2005•MagiQ Technologies
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MagiQ Technologies unveils first commercial quantum cryptography systemThe Business Journals•Feb 17, 2003•MagiQ Technologies
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