When was memQ founded?

memQ was founded in 2021 and raised its 1st funding round 1 year after it was founded.

Where is memQ located?

memQ is headquartered in Chicago, United States.

Who is the current CEO of memQ?

Manish Kumar Singh of memQ. They have also founded 1 company.

How many employees does memQ have?

As of Mar 31, 2026, the latest employee count at memQ is 16.

Is memQ a funded company?

memQ is a funded company, having raised a total of $12.5M across 3 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Jun 29, 2022.

When was the latest funding round of memQ?

memQ's latest funding was a $***** Series A round on Mar 31, 2026, with participation from 10 investors.

Where does memQ rank among its competitors?

memQ ranks 6th amongst 63 active competitors, of which 23 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was memQ, which secured an undisclosed amount in Mar, 2026.

Who are the top competitors of memQ?

memQ's top competitors include KETS Quantum Security, Qunnect and PQShield. Among them, memQ secured the most recent funding round in March, 2026.

memQ - 2026 Company Profile, Team, Funding & Competitors

memQ is a series A company based in Chicago (United States), founded in 2021 by Manish Kumar Singh and Sean Sullivan. It operates as a Provider of chip device technology services for quantum information storage and processing. memQ has raised $12.5M in funding from Quantonation and Exposition Ventures. The company has 63 active competitors, including 23 funded and 4 that have exited. Its top competitors include companies like KETS Quantum Security, Qunnect and PQShield.

Key Metrics

Founded Year

2021

Location

Chicago, United States

Stage

Series A

Total Funding

$12.5M in 3 rounds

Latest Funding Round

Series A, Mar 31, 2026, $*****

Investors

Quantonation & 5 more

Ranked

6^th among 63 active competitors

Employee Count

16 as on Mar 31, 2026

Similar Companies

KETS Quantum Security & 72 more

View memQ's full profile

memQ has raised a total funding of $12.5M over 3 rounds. Its first funding round was on Jun 29, 2022. Its latest funding round was a Series A round on Mar 31, 2026 for $*****. 10 investors participated in its latest round. memQ has 6 institutional investors.

Here is the list of recent funding rounds of memQ:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 31, 2026	6837845	Series A	5526044	1426353	4010640	2779453
Feb 15, 2023	6633848	Seed	9235671	3517685	8347943	Hyde Park Venture Partners & 1 more
Jun 29, 2022	6726730	Grant (prize money)	5995569	6700350	5370688	Duality

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View details of memQ's funding rounds and investors

The founders of memQ are Manish Kumar Singh and Sean Sullivan. Manish Kumar Singh is the CEO of memQ.

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

Manish Kumar Singh: Co-Founder & CEO of memQ. They serve on the board of 1 company.
Contact Info: 1 email address
Sean Sullivan: Co-Founder, CTO of memQ.

View details of memQ's Founder profiles and Board Members

memQ's employee count trend

memQ has 16 employees as of Mar 26. Here is memQ's employee count trend over the years:

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Top competitors of memQ include KETS Quantum Security, Qunnect and PQShield. Here is the list of Top 10 competitors of memQ, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	KETS Quantum Security 2016, Bristol (United Kingdom), Series A	Provider of quantum computing solutions for secure digital communication	$4.39M	Speedinvest, Quantonation & 32 others	58/100
2nd	Qunnect 2018, New York City (United States), Series A	Provider of telecommunications infrastructure services	$20.6M	Airbus Ventures, DOE & 12 others	56/100
3rd	PQShield 2018, Oxford (United Kingdom), Series B	Provider of quantum computing solutions for secured communication	$65.3M	Addition, Oxford University Innovation & 14 others	56/100
4th	Quside 2011, Castelldefels (Spain), Series A	Manufacturer of quantum components for connected devices	$10.9M	Bullnet Capital, TRUMPF & 6 others	54/100
5th	Quantum Xchange 2018, Bethesda (United States), Series A	Provider of secure communication solutions for cyber security	$23.5M	New Technology Ventures, Wilmot Advisors & 2 others	54/100
6th	memQ 2021, Chicago (United States), Series A	Provider of chip device technology services for quantum information storage and processing	$12.5M	Exposition Ventures, Quantonation & 4 others	55/100
7th	LuxQuanta 2021, Barcelona (Spain), Series A	Provider of Quantum Key Distribution (QKD) systems and technologies	$9.26M	Big Sur Ventures, A&G & 7 others	53/100
8th	Arqit 2017, London (United Kingdom), Public	Provider of quantum-safe encryption solutions for data protection across networks	-	Evolution Equity Partners, Notion & 7 others	52/100
9th	Crypto Quantique 2016, London (United Kingdom), Seed	Developer of quantum-resistant solutions for cybersecurity	$8M	Accelerated Digital Ventures, Entrepreneur First ... & 27 others	49/100
10th	LQUOM 2020, Yokohama (Japan), Series A	Provider of developing long-distance quantum communication systems for secure Internet in finance, telemedicine, and defense	$2.31M	Incubate Fund, Mitsubishi UFJ Capital & 4 others	47/100