Maybell Quantum Industries

Overview

Maybell Quantum Industries is a Denver-based company specializing in quantum technology tools, primarily focusing on cryogenic platforms integral to quantum computing. Founded in 2021 by Corban Tillemann-Dick and Kyle Thompson, the company aims to address the challenges associated with maintaining ultra-cold environments necessary for quantum experiments. Recently, Maybell secured a $25 million Series A funding round led by Cerberus Capital Management, aimed at expanding their manufacturing capabilities and advancing their product line.

Recent Developments

April 2024: Maybell Quantum Industries announced the closure of a $25 million Series A funding round, led by Cerberus Capital Management. This investment is set to enhance their manufacturing capacity and facilitate the opening of a new production facility.
March 2023: The company launched the "Big Fridge," a cryogenic platform designed to support large-scale quantum experiments with enhanced reliability and efficiency. It features a base temperature below 10 millikelvin and a sample volume of 130 liters.
2023: Maybell exited from its stealth mode and revealed its advanced quantum hardware solutions. This transition was marked by the unveiling of key technologies, including the "Icebox," aimed at scaling quantum computing capabilities through compact, high-performance cryogenic systems.
2022: The company achieved significant contracts with organizations such as DARPA and various research universities, providing cryogenic solutions pivotal for advanced quantum research. Maybell's technology was recognized for its potential to facilitate groundbreaking quantum experiments with reduced infrastructure demands.

Attribute	Information
Founding Date	2021
Headquarters	Denver, Colorado, United States
Founders	Corban Tillemann-Dick, Kyle Thompson
Revenue	Not publicly disclosed
Profits	Not publicly disclosed
Key Investors	Cerberus Capital Management
Industry	Quantum Technology
Number of Employees	Not publicly disclosed

Early History

Founded in 2021, Maybell Quantum Industries emerged from the vision of Corban Tillemann-Dick and Kyle Thompson, who identified a critical need for reliable and scalable cryogenic systems capable of supporting burgeoning quantum research. Initially, the company gained traction by focusing on engineering cryogenic platforms that exceeded existing performance standards while reducing operational complexity. Maybell's initial product, the "Maybell Fridge," swiftly captured the market's attention by offering unprecedented qubit capacity in a minimal footprint, setting the stage for the company’s rapid growth.

Company Profile and Achievements

Maybell Quantum Industries operates under a business model centered around developing and supplying advanced cryogenic technology crucial for quantum computing. The company offers solutions that not only support more qubits per fridge but also optimize space and energy consumption.

2021: Emerged from stealth mode, introducing the "Maybell Fridge," a dilution refrigerator designed to support three times more qubits in significantly less space compared to competitors.
2023: Launched the "Big Fridge," acclaimed for its groundbreaking design that supports large quantum workloads efficiently.
Contracts and Recognition: Secured contracts with major research entities such as DARPA and NSIC/DIU, and received accolades from the National Venture Capital Association as the "Startup Innovator of the Year" in 2024.
Innovation: Their innovative "Flexlines" minimize quantum noise, enhancing the performance and feasibility of employing the technology across various research environments.

Current Operations and Market Position

Currently, Maybell is regarded as a leading entity in the quantum technology sector, particularly known for its high-performance cryogenic systems. The company continues to push the boundaries by enhancing its product lineup and expanding manufacturing capabilities, as evidenced by recent investments and facility expansions in 2024. Maybell's competitive advantage lies in its commitment to accessible and scalable quantum solutions, poised to support the global drive toward practical quantum computing applications.