# memQ

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

- Industry: Hardware
- Headquarters: Chicago, US
- Website: www.memq.tech
- Total disclosed funding: $12M
- Latest round: Series A (Mar 31, 2026)
- Investors on record: 5

## About

Based in Illinois, US, and founded in 2022, memQ Inc. operates as a quantum memory technology firm. The company is a spin-out from the University of Chicago and was founded by its CEO Manish Singh, CTO Sean Sullivan, and Supratik Guha. In March 2026, memQ Inc. raised USD 10 million in series A funding co-led by new investor Ocean Azul Partners and returning investor Quantonation, with participation from another new investor Yaletown Partners. Returning investors xposition Ventures and George Shultz Innovation Fund, also participated in this round.

memQ develops and provides erbium qubits, which is a rare-earth-based qubit that is mainly used for quantum computing applications. The company offers a solid-state hardware platform, which is a silicon-on-insulator platform that develops an on-chip quantum repeater, which is a device that is used for quantum communication.

The company plans to use the funds raised in February 2023 to accelerate the development of an on-chip quantum repeater-built platform.

## Funding rounds

- Series A, Mar 31, 2026, $10M — Yaletown Partners, Ocean Azul Partners, Quantonation, Exposition Ventures, George Shultz Innovation Fund
- Seed, Feb 15, 2023, $2M — Quantonation, Exposition Ventures, George Shultz Innovation Fund

## Investors

- Quantonation (https://capitalatlas.ai/funds/quantonation) — Seed, Series A
- Exposition Ventures (https://capitalatlas.ai/funds/exposition-ventures) — Seed, Series A
- George Shultz Innovation Fund — Seed, Series A
- Yaletown Partners (https://capitalatlas.ai/funds/yaletown-partners) — Series A
- Ocean Azul Partners (https://capitalatlas.ai/funds/ocean-azul-partners) — Series A