
MagiQ Technologies
Roduced the world’s first commercial quantum cryptography product that delivered advanced, future-proof network security.
Date | Investors | Amount | Round |
---|---|---|---|
investor investor | €0.0 | round | |
investor | €0.0 | round | |
N/A | €0.0 | round | |
investor investor investor investor | €0.0 | round | |
investor investor | €0.0 | round | |
investor investor investor investor | €0.0 | round | |
investor investor | €0.0 | round | |
investor investor | €0.0 | round | |
$1.1m | Grant | ||
Total Funding | 000k |
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | 0000 | 0000 | 0000 |
% growth | - | - | 13 % |
EBITDA | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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MagiQ Technologies, established in 1999 by Robert Gelfond, is a technology development firm focused on commercializing applications based on optical and quantum science. Gelfond, a former hedge-fund manager and active angel investor with early stakes in companies like Amazon.com, identified the commercial potential of quantum information processing and founded MagiQ to fill a gap in the market for investible quantum companies. His background on Wall Street instilled a product development philosophy centered on end-user needs rather than being purely technology-driven.
The company operates primarily through government contracts and R&D services, securing substantial funding through Small Business Innovation Research (SBIR) programs with agencies like the Department of Energy, DARPA, NASA, the US Army, and the Air Force. This business model involves creating solutions for a client base concentrated in aerospace, defense, telecommunications, and energy exploration. A significant milestone was achieved in 2003 when MagiQ introduced the world's first commercial quantum key distribution (QKD) product, named Navajo, marking an early entry into the quantum security market. In 2008, the company formalized its research and development services by creating the MagiQ Research Labs (MRL) business unit to handle custom product development and contract research.
MagiQ's product portfolio is built on leveraging optical processing to solve complex challenges. The MagiQ GeoLite Sensors are multi-component fiber optic sensors designed for high-accuracy seismic data acquisition, aiming to improve the quality of monitoring for the energy sector. For the defense industry, the Agile Interference Mitigation System (AIMS) provides real-time cancellation of radio frequency interference, restoring communications in hostile electromagnetic environments. A similar solution, the Clear Spectrum Recovery Technology (CSR), is offered to wireless telecommunications providers to mitigate RF interference from competing sources. The company also holds a substantial intellectual property portfolio, with numerous patents in quantum computing and cryptography.
Keywords: optical processing, quantum science, quantum key distribution, QKD, RF interference cancellation, fiber optic sensors, seismic monitoring, defense communications, network security, aerospace technology, energy exploration, government contracts, SBIR, quantum cryptography, Robert Gelfond, MagiQ GeoLite, MagiQ AIMS, optical surveillance, signal processing, advanced physics