O
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
Valuation & funding
OQ Technology funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| 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 | — |
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.
Hiring
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Comparisons
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Talent graph
OQ Technology's talent
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Investors
11 investors on OQ Technology's cap table
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Global footprint
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In the news
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Market sentiment
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