When was MagiQware founded?

MagiQware was founded in 2005 and raised its 1st funding round 21 years after it was founded.

Where is MagiQware located?

MagiQware is headquartered in Delft, Netherlands.

Who is the current CEO of MagiQware?

Arash Ahmadi of MagiQware. They have also founded 1 company.

How many employees does MagiQware have?

As of May 31, 2026, the latest employee count at MagiQware is 3.

Is MagiQware a funded company?

MagiQware is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Jul 06, 2026.

When was the latest funding round of MagiQware?

MagiQware's latest funding was a $***** Seed round on Jul 06, 2026, with participation from 3 investors.

Where does MagiQware rank among its competitors?

MagiQware ranks 27th amongst 39 active competitors, of which 13 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Kvantify, which secured $8.12M in Mar, 2026.

Who are the top competitors of MagiQware?

MagiQware's top competitors include Nu Quantum, Cambridge Quantum and 1QBit. Among them, MagiQware secured the most recent funding round in July, 2026.

MagiQware - 2026 Company Profile, Team, Funding & Competitors

MagiQware is a seed company based in Delft (Netherlands), founded in 2005 by Shakeeb Majid and Arash Ahmadi. It operates as a Developer of AI-based software for magic state distillation in quantum computing. MagiQware has raised $658K in funding. The company has 39 active competitors, including 13 that are funded. Its top competitors include companies like Nu Quantum, Cambridge Quantum and 1QBit.

Company Details

Developer of AI-based software for magic state distillation in quantum computing. The software automates magic state distillation procedures, allowing users to focus on other issues. It offers algorithms needing fewer qubits, saving qubits for computation. Resource efficiency means faster algorithms, allowing jobs to run faster.

Website: magiqware.com
Email ID: *****@magiqware.com

Key Metrics

Founded Year

2005

Location

Delft, Netherlands

Stage

Seed

Total Funding

$658K in 1 round

Latest Funding Round

Seed, Jul 06, 2026, $*****

Ranked

27^th among 39 active competitors

Employee Count

3 as on May 31, 2026

Similar Companies

Nu Quantum & 38 more

View MagiQware's full profile

MagiQware has raised a total funding of $658K over 1 round. Its latest funding round was a Seed round on Jul 06, 2026 for $*****. 3 investors participated in its latest round.

Here is the list of recent funding rounds of MagiQware:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 06, 2026	3409459	Seed	7872044	4093644	5460328	4114192

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View details of MagiQware's funding rounds and investors

The founders of MagiQware are Shakeeb Majid and Arash Ahmadi. Arash Ahmadi is the CEO of MagiQware.

Here are the details of MagiQware's key team members:

Shakeeb Majid: Co-Founder & CTO of MagiQware.
Arash Ahmadi: Co-Founder & CEO of MagiQware.

View details of MagiQware's Founder profiles and Board Members

MagiQware's employee count trend

MagiQware has 3 employees as of May 26. Here is MagiQware's employee count trend over the years:

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Top competitors of MagiQware include Nu Quantum, Cambridge Quantum and 1QBit. Here is the list of Top 10 competitors of MagiQware, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Nu Quantum 2018, Cambridge (United Kingdom), Series A	Developer of quantum cryptography systems	$72.1M	Amadeus Capital, National Grid Partners & 18 others	65/100
2nd	Cambridge Quantum 2014, London (United Kingdom), Series C	Provider of AI-based software for quantum computing	$95M	IBM, Honeywell & 6 others	64/100
3rd	1QBit 2012, Vancouver (Canada), Series B	Hardware-agnostic platform for quantum computing	$45M	CME Group, Fujitsu & 17 others	63/100
4th	QC Ware 2014, Palo Alto (United States), Series B	Provider of a cloud-based computational platform for quantum computing	$33.2M	Goldman Sachs Investment Partners, Citi & 9 others	63/100
5th	Kvantify 2022, Copenhagen (Denmark), Seed	Provider of quantum computing solutions for businesses in industries such as finance, life sciences, and logistics	$18.9M	Dreamcraft Ventures, Lundbeck Foundation ... & 10 others	61/100
6th	Strangeworks 2018, Austin (United States), Series A	Developer of quantum computing software solutions	$28M	Lightspeed Venture Partners, IBM & 11 others	60/100
7th	Kipu Quantum 2021, Germany, Seed	Developer of quantum software solutions for optimization and machine learning	$14.5M	Quantonation, HV Capital & 9 others	60/100
8th	Zapata Computing, Inc. 2017, United States, Funding Raised	Provider of quantum software solutions	-	-	47/100
9th	BEIT 2016, Krakow (Poland), Seed	BEIT is a developer of quantum computer algorithms	$4.9M	Kindred Capital, Bloomberg L.P. & 9 others	45/100
10th	QunaSys 2018, Bunkyo (Japan), Series B	Company focused on quantum computing research and development	$23.7M	ANRI, Mirai Creation Fund & 11 others	44/100
27th	MagiQware 2005, Delft (Netherlands), Seed	Developer of AI-based software for magic state distillation in quantum computing	$658K	-	17/100