OQ Technology provides ubiquitous global network coverage for the next unconnected 50 billion IoT devices and machines
OQ TECHNOLOGY aims to disrupt the satellite telecommunication industry and provides the world’s first universal plug & play "Internet-of-Things" solution that can provide connectivity anywhere. We are building a global satellite constellation dedicated for "Internet-of-Things" and "machine-to-machine" communication.We serve the Oil & Gas, Maritime, Industry 4.0, consumer IoT, and Transport segments particularly for the management and tracking of assets in remote areas. Whether this is digital oilfield applications, offshore monitoring, SCADA applications, asset tracking, fleet management, smart metering or predictive maintenance: We provide you innovative low cost connectivity solution and high value data analytics.Our wireless technology (developed in collaboration with Luxembourg government and the European Space Agency) is compatible with existing wireless technologies. The modules are plug & play, easy to install, have long battery life, and connect you directly to our or your data cloud.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
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Sep 1, 2022 | Series A | $13M | 1 | 5G Ventures | — | Detail |
Investor Name | Lead Investor | Funding Round |
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5G Ventures | Yes | Series A |