Denver-based quantum infrastructure company, Maybell Quantum, has secured $25 million in a funding round led by Cerberus Capital Management. The funds will be used to scale manufacturing and open a new production facility in 2024. Maybell Quantum, known for its cryogenic platforms, the Fridge and the Big Fridge, also operates MayQ Labs, quantum research spaces in Denver and Copenhagen. The investment will help Maybell Quantum expand its systems worldwide. Chris Darby, Global Head of Venture Investments at Cerberus, will join the Maybell Board of Directors.
Maybell Quantum Secures $25M in Series A Funding
Maybell Quantum, a company specializing in quantum infrastructure, has successfully raised $25 million in a funding round. The round was spearheaded by Cerberus Capital Management, an affiliate known for its alternative investing strategies. This financial boost is expected to significantly aid Maybell Quantum in its expansion plans, which include scaling up manufacturing processes and establishing a new production facility in 2024.
Rapid Growth and Innovation in Quantum Infrastructure
Established in 2021, Maybell Quantum has made significant strides in the field of quantum infrastructure. The company’s cryogenic platforms, known as the Fridge and the Big Fridge, have been recognized for their reliability and user-friendly design, making them a preferred choice for researchers and entrepreneurs. In 2023, the company launched MayQ Labs, managed quantum research spaces located in Denver and Copenhagen. These labs provide state-of-the-art tools to entrepreneurs, aiming to democratize and expedite progress in quantum innovation.
Investment to Accelerate Quantum Infrastructure Deployment
Corban Tillemann-Dick, CEO of Maybell, emphasized the importance of infrastructure as a conduit between ambition and achievement. He expressed optimism that the investment will expedite the global deployment of Maybell systems, thereby laying the groundwork for advancements in quantum technology. The investment is also expected to provide researchers and entrepreneurs with the necessary tools to transform theoretical concepts into tangible outcomes.
Cerberus’ Role and Future Collaboration
As part of the investment agreement, Chris Darby, Global Head of Venture Investments at Cerberus, will join the Maybell Board of Directors. Darby, who previously served as the CEO of In-Q-Tel, a strategic investment firm focused on innovative technologies, joined Cerberus in 2023 to lead the firm’s early-stage investing strategy. This strategy primarily targets disruptive commercial technologies that enhance security for the United States and its partner nations.
Continued Commitment to Quantum Technology Advancement
Maybell Quantum’s commitment to technological excellence, customer centricity, and strategic collaborations is expected to continue driving the quantum industry forward. The company’s mission is to deliver the world’s best tools to solve the toughest quantum challenges, offering solutions that are more accessible, reliable, and performant. With offices in Denver and Copenhagen, Maybell Quantum is well-positioned to support and advance the quantum industry alongside its global partners.
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