Tech Track 100

This Glasgow company designs and manufactures lasers and photonic instruments, for a diverse range of applications in quantum technology, biophotonics and chemical sensing. Its customers include research institutes at universities such as Cambridge, MIT and Harvard. It was founded in 2006 by Graeme Malcolm, 47, and Gareth Maker, 51, serial entrepreneurs who had previously spun out the optoelectronics firm Microlase from Strathclyde University before selling it to Nasdaq-listed Coherent for £2m in 1999. M Squared had sales of £9.4m this year, aided by £6.3m of funding from the growth capital organisation BGF, which owns a minority stake.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
CompanyM Squared
ActivityLaser designer and manufacturer
Average 3 year sales growth45.82%
Latest sales £000s*9,414

If applicable:

* supplied by company † annualised figure