# IQinetics Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/iqinetics-technologies

- Industry: Electronics
- Headquarters: Philadelphia, US
- Website: www.iq-control.com
- Total disclosed funding: $2.9M
- Latest round: Series B (Apr 14, 2022)
- Investors on record: 2

## About

IQinetics Technologies Inc. develops high-performance propulsion systems specifically designed for Unmanned Aerial Systems (UAS) in both commercial and defense sectors, enhancing drone efficiency and reliability through advanced technology.Founded in 2016, IQinetics Technologies Inc. is located in Philadelphia, US. The company focuses on engineering propulsion systems that cater to various UAS applications. The founders Jon Broome and Matthew Piccoli have prior experience in the tech sector. In April 2022, the company raised USD 2.3 mn in a Series B funding round from investor SOSV, bringing the total amount raised to USD 2.3 mn and valuing the company at USD 16.097 mn.IQinetics specializes in propulsion systems for UAS, offering integrated motor and electronic speed controller (ESC) modules that optimize performance with features like embedded position sensing and advanced motor control software. Their product line, including models 40-06 G2, 60-08 G2, and 81-17 G2, caters to diverse applications within the UAS sector, serving manufacturers and operators primarily in North America and Europe, and addressing high thrust-to-weight ratio and precision control needs.IQinetics generates revenue through direct B2B sales of tailored propulsion systems to clients in the commercial and defense UAS markets. Clients purchase custom motor and ESC packages, which may include specialized control firmware and accessories. While precise pricing details are not disclosed, transactions are project-based and are structured around performance-optimized solutions to meet specific operational requirements.In April 2022, IQinetics Technologies Inc. secured USD 2.3 mn in Series B funding, which will support the development of new propulsion products and enhancements to existing technology. The company plans to expand its market reach into additional regions within North America and Europe by the end of 2023, aiming to meet the increasing demand for advanced UAS solutions.

## Funding rounds

- Series B, Apr 14, 2022, $2.3M — SOSV
- Seed, Nov 27, 2019, $0.6M — SOSV, HAX
- Seed, Oct 2, 2017 — SOSV, HAX

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed, Series B
- HAX — Seed