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OQ Technology

Space · Mertert, Luxembourg · Founded 2015

Global satellite 5G IoT and direct-to-device connectivity MoreLess

OQ Technology is a global satellite operator pioneering 5G Internet of Things (IoT) and direct-to-device (D2D) connectivity through a constellation of low Earth orbit (LEO) satellites. Founded in 2016 by Omar Qaise, the company is headquartered in Luxembourg and aims to bridge the digital divide by providing seamless 5G coverage in remote and rural areas where terrestrial networks are unavailable. The company functions as a global satellite 5G IoT operator, providing uninterrupted cellular coverage for machines and assets anywhere on the planet.

The founder and CEO, Omar Qaise, has an extensive background in the satellite industry, having worked for the German Aerospace Center (DLR), the European Space Agency (ESA), and SES. This experience in both the technical and business aspects of satellite services inspired him to create OQ Technology, recognizing a market need for affordable narrowband IoT communication via smaller, more cost-effective satellites. He established the company as a solo founder with the vision of integrating 5G standards with satellite communication to connect industrial assets beyond the reach of traditional cell towers.

OQ Technology's core service provides 5G non-terrestrial network (NTN) connectivity that is compliant with 3GPP standards, allowing standard 5G smartphones and NB-IoT devices to connect directly to its satellites without requiring custom hardware. This approach enables interoperability with billions of existing cellular devices and significantly reduces deployment costs for customers. The company's satellite constellation functions as 'cell towers in the sky', extending reliable connectivity for a variety of applications. Key services include wellhead monitoring, asset tracking, drone controls, vehicle telematics, and emergency broadcast messaging. In July 2025, the company successfully transmitted the first-ever image over its 5G NTN IoT satellite network, a milestone that expands its capabilities to include visual surveillance for industries like energy, defense, and agriculture.

The company's business model involves partnering with global telecom operators to extend their coverage and selling services directly to enterprise customers in sectors such as energy, mining, logistics, maritime, and agriculture. OQ Technology has secured commercial contracts with major entities, including a significant agreement with one of the world's largest oil and gas companies to monitor their infrastructure. The company has steadily grown its satellite constellation, with 10 satellites in orbit and plans for further expansion. OQ Technology has successfully raised capital through multiple funding rounds, including a €13 million Series A in 2022 and is in the process of a Series B round backed by the European Innovation Council and the Luxembourg government.

Keywords: satellite 5G, IoT connectivity, direct-to-device, D2D, non-terrestrial network, NTN, LEO constellation, narrowband IoT, NB-IoT, 3GPP standards, remote area connectivity, machine-to-machine, M2M, asset tracking, oil and gas, agriculture technology, maritime communication, logistics, emergency services, satellite communication, SpaceTech, global connectivity, satellite operator, cubesats, 5G NTN

Company overview

OQ Technology company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2015
Headquarters
Mertert, Luxembourg
Employees
60
Open positions
5
Dealroom signal
82.5
client focusb2btechnologyHardwaretechnologyDeep TechtechnologyIoT InternetOfThingsbusiness modelManufacturingsectorFleet ManagementsectorIndustrial IoTsector5GsectorEICsectorSpace TechsectorSatellitessectorESAsectorESA SMEsectorCommunication and Connectivity Satellites

Valuation & funding

OQ Technology funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
DEBTDebt Feb 2026 $28M European Investment Bank
SUPPORT PROGRAMOther financing Jun 2025 National Technology Development Program · EUSPA · CASSINI Initiative · Cassini Business Accelerator
SUPPORT PROGRAMOther financing Jan 2025 $0 EUSPA · CASSINI Initiative
GRANTOther financing Oct 2024 $2.5M European Innovation Council
CONVERTIBLEOther financing Oct 2024 $6.6M Undisclosed
SERIES BOther financing Oct 2024 Wa'ed Ventures · SES Satellites · Government of Luxembourg
SUPPORT PROGRAMOther financing Jan 2024 EUSPA · CASSINI Initiative · National Technology Development Program
SERIES AOther financing Sep 2022 Wa'ed Ventures · 5GVentures · 5G Ventures
SEEDOther financing Jul 2019 Undisclosed
GRANTOther financing Aug 2018 Undisclosed
Showing 10 recorded eventsUnlock the complete deal history →

Growth signals

OQ Technology website traffic

Latest recorded traffic for OQ Technology is 5.4K monthly website visits, up 864.3% over the last three months. OQ Technology's team grew 13.2% over the past year.

Latest monthly visits5.4K 3-month web change+864.3% 1-year team growth+13.2%
Monthly website visits60 observations · Aug 2020–Jul 2026
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Comparisons

OQ Technology compared with similar companies

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Talent graph

OQ Technology's talent

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Team profiled 9 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 5 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.

Investors

11 investors on OQ Technology's cap table

Sourced from Dealroom's funding and investor records.

Seed 1 investor entered at this stage
European Innovation Council
Series A 5 investors entered at this stage
Wa'ed Ventures
5GVentures
5G Ventures
SES Satellites
Government of Luxembourg
Series B+ 1 investor entered at this stage
European Investment Bank
Other known 4 additional known investors
CASSINI Initiative
EUSPA
National Technology Development Program
Cassini Business Accelerator

Global footprint

Where OQ Technology has talent and traffic

Workforce by country
11 countries with
team presence
🇱🇺 Luxembourg59.1%
🇬🇷 Greece9.1%
🇫🇷 France6.8%
🇧🇪 Belgium6.8%
🇸🇦 Saudi Arabia4.5%
Top 5 of 11 shown

In the news

Latest news about OQ Technology

Recent press, funding announcements, and product moves mentioning OQ Technology — open to read from the original sources.

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Market sentiment

What the market is saying about OQ Technology

An AI-synthesized read of the highest-engagement posts about OQ Technology on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

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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