MAQ raised money from Almi, Innoenergy and other private investors.

MAQ, a Stockholm, Sweden-based producer of a sytem that automatically reduces vibration during cutting operations such as turning, milling and drilling, announced completing a SEK 6M ($650k) capital investment round.

The money was provided by new and existing investors, including Almi Invest and InnoEnergy, and will be used to further product development and build up of sales channels.

MAQ, founded in 2017 by Mihai Nicolescu, Amir Rashid and Qilin Fu, and led by CEO Torbjörn Nordstrom, built a vibration-damping product that can be used for existing tools in cutting machining. The solution originates from research at the Royal Institute of Technology (KTH) and consists of a material whose elasticity changes depending on the frequency of the vibrations. The company aims to market the product by selling the tools via distributors and further integrating the technology in other manufacturers' tools.