Micromem Technologies: Funding, Investors & Team (Sep 2026)
Micromem Technologies is a company that employs advanced technology to specialize in utilizing magnetic sensors to solve problems in numerous industries. They offer various solutions that rely on sensors to function.
Micromem Technologies has raised $500k across 3 funding rounds on record, the most recent an undisclosed round of $170k announced in Jun 2026.
That round is below the $10M median round size for Hardware companies tracked on FundedIQ over the last two years.
Micromem Technologies Company Profile and Key Stats
Latest funding round on record: Jun 2026.
Micromem Technologies Funding Rounds
Micromem Technologies raised $90k in an undisclosed round announced in May 2023.
2.7 years later, an undisclosed round of $240k was announced in Jan 2026.
5 months later, an undisclosed round of $170k was announced in Jun 2026.
Micromem Technologies Founders and Leadership Team
No contact details are on record for this team yet.
Micromem Technologies Funding Compared to Other Hardware Startups
Micromem Technologies' latest round of $170k is below the median round in Hardware. Medians cover the last 24 months of disclosed rounds.
Funded Startups Like Micromem Technologies in Hardware and Toronto
Companies Similar to Micromem Technologies
Cheelcare creates mobility aids that merge technology and design to produce a range of assistive devices and…
Nord Quantique creates quantum processors based on second-generation technology.
ARA Robotics is a Montreal-based company which develops an innovative, efficient UAV autopilot for industrial…
Bonsai Micro operates as a fabless semiconductor company that develops essential network infrastructure for…
HaiLa harnesses the signals of WIFI, Zigbee, and Bluetooth to transmit sensor data, making it possible to…
Located in the picturesque UK Vancouver, Canada, Photonic is offering scalable, distributed, and resilient…
Human in Motion Robotics is a robotics company that designs a wearable lower-limb exoskeleton system. Human…
Quantropi offers quantum secure communications services.
Sielo Robotics is a robotics company that offers mobility assistive devices.
Bayes Studio Inc. is specializing in AI-driven solutions for wildfire resilience and environmental…
Mecademic is a Canadian robotics manufacturer that builds the world’s smallest, most precise, and easy-to-use…
Micromem Technologies Funding FAQs
What does Micromem Technologies do?
Micromem Technologies is a company that employs advanced technology to specialize in utilizing magnetic sensors to solve problems in numerous industries. They offer various solutions that rely on sensors to function.
How much funding has Micromem Technologies raised?
Micromem Technologies has raised $500k across 3 rounds on record. The most recent is an undisclosed round of $170k announced in Jun 2026.
When did Micromem Technologies last raise funding?
Micromem Technologies' most recent funding round on record is an undisclosed round of $170k, announced in Jun 2026.
Who founded Micromem Technologies?
FundedIQ lists Basharat Khan (Founder), Joe Fuda (Founder), Milind Nerurkar (Founder) at Micromem Technologies.
Where is Micromem Technologies headquartered?
Micromem Technologies is based in Toronto, Ontario, Canada.
How many employees does Micromem Technologies have?
Micromem Technologies is in the 11-50 employee band.
How does Micromem Technologies' funding compare to other Hardware startups?
Micromem Technologies' latest round of $170k is below the $10M median round size for Hardware companies on FundedIQ across 1,454 tracked companies over the last two years.
About FundedIQ's Micromem Technologies Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Micromem Technologies is left off this page rather than filled in.
Know who just raised. Then know who to reach.
Every newly funded startup with its round, its investors and its founders: delivered weekly by email, or searchable in the app.
Alerts from $19/mo · Pro from $99/mo. Card required, nothing charged until day 15, and we email you 3 days before that.