TLDR:
Maybell Quantum, a Denver-based quantum infrastructure company, raised $25M in Series A funding led by Cerberus Capital Management, L.P. The funding will be used to scale manufacturing and open a new production facility in 2024.
- Maybell Quantum raised $25M in Series A funding
- Funding round led by Cerberus Capital Management, L.P.
Article Summary:
Maybell Quantum, a Denver, CO-based quantum infrastructure company, secured $25M in Series A funding. The round was led by Cerberus Capital Management, L.P., with participation from Lavrock Ventures, Caruso Ventures, Mark IV Capital, Decisive Point, In-Q-Tel, and Olive Capital. Chris Darby from Cerberus will join the Maybell Board of Directors as a result of the investment.
Maybell Quantum, led by CEO Corban Tillemann-Dick, focuses on delivering tools to solve quantum challenges, providing accessible, reliable, and performant solutions. Their cryogenic platforms, known as the Fridge and the Big Fridge, offer reliability and usability for researchers and entrepreneurs. In 2023, the company launched MayQ Labs in Denver and Copenhagen to accelerate quantum innovation.
The funding will be utilized to scale manufacturing operations and establish a new production facility in 2024. Maybell Quantum aims to continue advancing quantum infrastructure and solutions to contribute to the progress of quantum innovation.
