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OQ Technology
Global satellite 5G IoT and direct-to-device connectivity
About OQ Technology
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.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2015
- Headquarters
- Mertert, Luxembourg
- Employees
- 60
- Open positions
- 5
- Dealroom signal
- 82.5/100
- Sector
- Space, Fleet Management, Industrial IoT, 5G, EIC, Space Tech, Satellites, ESA, ESA SME, Communication and Connectivity Satellites
- Technology
- Hardware, Deep Tech, IoT InternetOfThings
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
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 | ↗ |
Growth signals
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.
Open positions
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
European Innovation Council
Series A5 investors entered at this stage
Wa'ed Ventures
5GVentures
5G Ventures
SES Satellites
Government of Luxembourg
Series B and later1 investor entered at this stage
European Investment Bank
Other known investors4 additional known investors
CASSINI Initiative
EUSPA
National Technology Development Program
Cassini Business Accelerator
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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