Quantum infrastructure company Maybell Quantum has closed a $25 million funding round led by an affiliate of Cerberus Capital Management, L.P. Along joining the round are Maybell’s existing investors, Lavrock Ventures, Caruso Ventures, Mark IV Capital, Decisive Point, In-Q-Tel, and Olive Capital.
This funding round marks the start of a major chapter in Maybell’s development. And with the financial backing of a major global investment firm, Maybell plans to scale manufacturing and open a new production facility.
Launched in 2021, Maybell has quickly established itself as a global leader in quantum infrastructure performance and innovation. And its cryogenic platforms – the Fridge and the Big Fridge – offer premier reliability and usability for researchers and entrepreneurs. Last year, Maybell launched MayQ Labs, expert-managed quantum research spaces in Denver and Copenhagen offering leading-edge tools to entrepreneurs in an effort to democratize and accelerate progress in quantum innovation.
In connection with the funding, Chris Darby, Global Head of Venture Investments at Cerberus, will join the Maybell Board of Directors. And from 2006 until 2023, Darby served as the CEO of In-Q-Tel, the independent strategic investment firm focused on identifying innovative technologies in support of the U.S. Intelligence Community. Plus, he joined Cerberus last year to lead the firm’s early-stage investing strategy, which focuses on disruptive commercial technologies that increase security for the United States and partner nations.
KEY QUOTES:
“Infrastructure is the bridge between ambition and achievement. This investment will help accelerate the deployment of Maybell systems worldwide to continue laying the foundation for the quantum century, while providing researchers and entrepreneurs the tools they need to transform the theoretical into the tangible.”
“We are thrilled to receive the endorsement and support of Chris and the team at Cerberus. We are excited about the opportunity to partner with one of the world’s venerable investment firms.”
- Corban Tillemann-Dick, CEO of Maybell
“Breakthrough technologies, and the infrastructure that enables them to thrive, are integral to national security. The Maybell team is laying the groundwork with powerful, scale-ready quantum infrastructure solutions to support quantum computing advancements. This isn’t simply an investment in technology; it’s an investment in a future secured by quantum capabilities and a commitment to stay several steps ahead ina rapidly evolving global landscape.”
- Chris Darby, Global Head of Venture Investments at Cerberus
“In every technological revolution, the architects of the initial infrastructure shape the trajectory of the industry. Lavrock is excited to support Maybell in their quest to expand the horizons of quantum technology. This investment reflects our dedication to fostering innovative solutions poised to tackle global challenges.”
- Steve Smoot, General Partner at Lavrock Ventures
