Last deal

$13M

Amount

Series A

Stage

01.09.2022

Date

3

all rounds

$23.14M

Total amount

date founded

Financing round

General

About Company
OQ Technology is a global satellite constellation for 5G IoT communication.

Industry

Sector :

Subsector :

founded date

01.10.2016

founders

Number of employees

Company Type

For Profit

Last funding type

Series A

IPO status

Private

Description

The company offers connectivity solutions and data analytics for various industries, including oil and gas, maritime, industry, consumer IoT, and transport. Their wireless technology, developed in collaboration with the Luxembourg government and the European Space Agency, is compatible with existing cellular technologies. OQ Technology's modules are easy to install, have long battery life, and connect directly to a preferred data cloud. They provide asset tracking, fleet management, smart metering, and predictive maintenance services. OQ Technology has signed a contract with the European Space Agency for the development of a nanosatellite and user terminals. They have also conducted feasibility studies and in-orbit demonstration missions to showcase their IoT technology. Additionally, the company offers intelligent bespoke solutions and technical consultancy in telecommunications and big data. Overall, OQ Technology aims to provide high-value and low-cost IoT connectivity solutions using 5G technology.
Contacts
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Number of Funding Rounds

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Money Raised

Their latest funding was raised on 01.09.2022. Their latest investor 5G Ventures. Their latest round Series A

Date 
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Co-Investors
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People

Founders
1
Omar Qaise
Omar Qaise

Omar Qaise

Omar Qaise used to work at the European Space Agency and the German Aerospace Center, as a spacecraft engineer, working on deep space and telecommunication missions. He then joined SES and O3b, where he sold more than $100M in satellite capacity and services, over a four-year stay. It is at that time, while getting exposed to the energy sector, that Omar realized how misaddressed were the needs for industrial IoT users. He learned about CubeSats which were already successful with Earth observation and wanted to bring them into telecommunications. After having reviewed the different available technologies addressing IoTs, he realized that no one cracked the wireless technology in the field and decided to launch OQ Technology.

current job

OQ TECHNOLOGY
OQ TECHNOLOGY

organization founded

1

Omar Qaise

Employee Profiles
1
Omar Qaise

Omar Qaise

Founder and CEO

Activity

Recent News
2
News Timeline

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