# MAQ

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/maq

- Industry: Industrial Machinery
- Headquarters: Stockholm, Sweden
- Website: www.maqab.com
- Total disclosed funding: $0.3M
- Latest round: Seed (Jun 7, 2021)
- Investors on record: 2

## About

MAQ AB designs and manufactures vibration damped machining tools utilizing patented self-tuning mass damper technology (STMD™) to enhance precision and efficiency in machining processes.Founded in 2017, MAQ AB operates from its headquarters in Stockholm, Sweden, focusing on developing advanced machining tools. The company has completed a total of 6 deals, with its most recent funding round being a Seed round on September 1, 2023, securing EUR 0.25 mn from ALMI Invest and EIT InnoEnergy. CEO Torbjörn Nordström leads the company, which aims to innovate within the machining sector.MAQ AB specializes in the development and manufacturing of vibration damped machining tools, prominently featuring their patented self-tuning mass damper technology (STMD™). These tools minimize tool chatter by automatically adapting to operational frequencies, enhancing surface finishes and enabling higher speeds and feeds without compromising quality. MAQ’s products cater to high-precision machining applications in industries like aerospace and medical device manufacturing. The company's product range includes anti-vibration tool holders available in various length-diameter combinations, enhancing versatility for internal turning and milling processes. MAQ serves clients across North America, Europe, and Asia.In 2022, MAQ AB reported a revenue of EUR 502,970.8, with an EBITDA of EUR -383,915.2. The company generates revenue through direct B2B transactions focused on long-term partnerships with manufacturers, utilizing a pricing structure based on competitive rates for its vibration damped machining tools, which allows clients to budget effectively. Their sales model typically involves large-scale orders to support high-volume production needs.In September 2023, MAQ AB raised EUR 0.25 mn from EIT InnoEnergy to support its growth initiatives. The company is currently designing new products aimed at further enhancing its vibration damped machining tools. MAQ plans to expand into additional markets in Europe and Asia by late 2024, leveraging recent funding to refine product development and increase market penetration.

## Funding rounds

- Seed, Jun 7, 2021 — InnoEnergy
- Seed, Jan 20, 2021, $0.3M — ALMI Invest, InnoEnergy

## Investors

- ALMI Invest — Seed
- InnoEnergy (https://capitalatlas.ai/funds/innoenergy) — Seed