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MemQ

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A deep-tech spinoff out of the University of Chicago, we are building solid-state hardware for distributed quantum information

Chicago, United StatesFounded 2022Semiconductors
Valuation $50–100M Last recorded · 2026
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for MemQ and the history behind them.

About MemQ

MemQ, a deep-tech firm established in 2021, is positioned to address a critical bottleneck in the quantum computing sector: quantum networking. The company spun out of the University of Chicago, leveraging groundbreaking research from the Pritzker School of Molecular Engineering and Argonne National Laboratory. The founding team consists of CEO Manish Kumar Singh, CTO Sean Sullivan, and Supratik Guha. Singh holds a Ph.D. in Quantum Engineering from the University of Chicago and previously worked as an engineer at TSMC, bringing experience in advanced semiconductor processes. Sullivan, a former postdoctoral fellow at Argonne, has a Ph.D. in Materials Engineering and focuses on telecom-compatible qubit devices. Guha is a professor at the University of Chicago and a senior advisor at Argonne, with notable expertise in microelectronics and quantum information science.

The core of MemQ's business is the development of hardware and software to enable distributed quantum computing and the quantum internet. The company is engineering on-chip quantum repeaters, which are essential for transmitting quantum information over long distances without collapsing the quantum state—a fundamental challenge that cannot be solved by classical signal amplification due to the no-cloning theorem. These repeaters are comprised of key components like single photon emitters, entangled photon generators, and quantum memory. Quantum memory, analogous to RAM in classical computers, is a critical element for storing quantum information, a capability largely missing in the current market. MemQ's technology aims to provide this storage, enabling the synchronization of quantum network sections and boosting data rates for entanglement distribution.

A significant element of MemQ's strategy is its platform's compatibility with existing infrastructure. The technology uses rare-earth ions, specifically erbium, as qubits. Erbium operates within the telecom C-band, the standard wavelength used in today's optical fiber networks, allowing MemQ's hardware to integrate with current telecommunications systems. Furthermore, the company leverages a silicon-on-insulator platform, the standard for integrated photonics, and is designed for production using established 300mm silicon wafer processing. This approach bypasses the need for massive investment in new manufacturing facilities and allows for scalable, cost-effective production of its quantum components. By focusing on manufacturability, MemQ aims to supply quantum hardware companies and researchers who currently must engineer around the absence of efficient quantum memory solutions. The company secured $2.5 million in a seed funding round in early 2023, with lead investors including Quantonation and Exposition Ventures, to accelerate development.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2022
Headquarters
Chicago, United States
Employees
22
Open positions
None listed
Dealroom signal
88.3/100
Industry
Semiconductors
Sector
Semiconductors, Spinout, Photonic Integrated Circuits, Semiconductor Designers and Manufacturers, Photonics Tech, Quantum Communication, DT and LS, science-based
Technology
Hardware, Deep Tech, Quantum Technologies
Business model
Manufacturing
Client focus
b2b

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES AOther financing Mar 2026 $10M $40M Quantonation · Ocean Azul Partners ↗
SEEDOther financing Feb 2023 $2M $8M Exposition Ventures · Quantonation · George Shultz Innovation Fund ↗
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Growth signals

MemQ website traffic

Latest recorded traffic for MemQ is 5.2K monthly website visits, down 18.8% over the last three months. MemQ's team grew 144.4% over the past year.

Latest monthly visits5.2K 3-month web change-18.8% 1-year team growth+144.4%
Summary metrics are public; monthly history is available with a demoCompare with peers →

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

8 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed4 investors entered at this stage

  • Duality Accelerator
  • Quantonation
  • Exposition Ventures
  • George Shultz Innovation Fund

Series A1 investor entered at this stage

  • Ocean Azul Partners

Other known investors3 additional known investors

Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇺🇸 United States92.3%
🇮🇱 Israel7.7%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about MemQ on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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