MagiQ Technologies

Roduced the world’s first commercial quantum cryptography product that delivered advanced, future-proof network security.

Launch date

1999

Employees

Somerville Massachusetts (HQ & founding location)

Revenues, earnings & profits over time

USD	2021	2022	2023
Revenues	1.2m	1.2m	1.4m
% growth	-	-	13 %

Date	Investors	Amount	Round
Dec 2007	NASA Small Business Innovation Research (SBIR)	$95.0k	Grant
Jan 2009	US Department of Defense	$70.0k	Grant
Aug 2014	N/A	$300k	Seed
Jan 2016	US Department of Defense NASA US Department of Health and Human Services US Department of Energy	$2.1m	Grant
Jan 2017	NASA US Department of Energy	$1.8m	Grant
Jan 2019	US Department of Defense NASA US Air Force United States Army Corps of Engineers	$420k	Grant
Jan 2020	US Department of Defense United States Army Corps of Engineers	$110k	Grant
Jan 2021	US Department of Defense US Department of Energy	$440k	Grant
Jan 2022	US Department of Energy	$1.1m	Grant
Total Funding		€5.8m

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Financials