MagiQ Technologies Financial Background & Support

MagiQ Technologies is a privately held firm founded by Bob Gelfond in July 1999.

MagiQ has been funded to date with several rounds of “angel” investments. Our angels understand the long-term nature of our work, and are prepared to provide additional support as necessary. MagiQ’s ultimate goal is to build a successful business enterprise in addition to doing important scientific research.

Currently MagiQ has informal relationships with various universities and other companies. We look forward to strengthening and extending those links through joint development opportunities and the funding of specific quantum science research projects.

Investing FAQs

Who is investing in quantum information processing?
A number of large, multinational corporations including AT&T, Bell Labs, IBM, Microsoft, NEC and NTT are doing quantum science research. In addition, many universities (including MIT, Caltech, Stanford, and Princeton) are working on it. Plus, DARPA (the US Defense Advanced Research Projects Agency) has recently allocated $100 million over the next 5 years for quantum science research. It’s part of their initiative to explore the future of computing beyond silicon technology.

Can individuals invest in MagiQ?
MagiQ is a privately held company and we currently have no plans for our shares to be publicly traded.