MAXWELL LABS INC

ST LOUIS PARK, MN · Founded 2020 · Materials · Private

Radiative cooling coatings and thermal compounds that dissipate heat via infrared radiation for computing and microelectronics

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Updated Oct 23, 2026 · maxwell-labs.com

Sector: Materials
Headquarters: ST LOUIS PARK, MN
Founded: 2020
Latest Form D: $7.9M, Feb 2026
Total capital: $9.4M

Federal grants: $75K; 1 award · 2022; Rank in peer group#48 of 369
Private capital raised: $9.3M; 4 Form D · last Feb 2026; 8 months since last filing
Federal contracts: None on recordNo federal contract awards found.
Granted patents: 3; 11 pending · first 2025; Rank in peer group#58 of 369

Capital timeline

Latest events

Feb 2026Private capital raisedForm D · SEC · 4th filing$7.9M
Jan 2024Private capital raisedForm D · SEC · 3rd filing$67K
May 2023Private capital raisedForm D · SEC · 2nd filing$250K
Nov 2022Federal grantDefense · Phase I · Development of Radiative Cooling Coatings for high-performance computing systems$75K
Apr 2022Private capital raisedForm D · SEC · 1st filing$1.1M

Node area is scaled to amount. Form D reports securities sold, which can differ from an announced round; filings are numbered in the order they were made.

Standing among 369 peers

Line = median

Materials · Material

Federal grants#48 · top 13%
Granted patents#58 · top 16%

Cumulative measures favor older companies. Rankings describe position today, not outcome. Below the median, ranks show as a band rather than a number.

Founders and team

Researcher links verified by same-company patents and grants

Jacob Allen BalmaResearcherExecutive Officer, Director, PromoterLinked by 3 patents
Alejandro RodriguezExecutive OfficerNamed in SEC Form D filings
Gary BurandtDirectorNamed in SEC Form D filings
Joseph Kenneth BalmaDirector, PromoterNamed in SEC Form D filings
Michael KarpeExecutive OfficerNamed in SEC Form D filings
Nick SwensonDirectorNamed in SEC Form D filings

Show all 8 people

Norman TroullierDirectorNamed in SEC Form D filings
Peter ChidylloDirectorNamed in SEC Form D filings

What it has protected

USPTO · 3 granted of 14

Apr 30, 2026PendingRadiative HeatsinkUSPTOApplication 19349549
Dec 25, 2025PendingDesign And Fabrication Of Photonic Cooling Device For Heat SourcesUSPTOApplication 19306757
Dec 23, 2025GrantedPhotonics-based Cooling Of Heat SourcesUSPTOUS 12,507,381

Show all 14 patent records

Radiative HeatsinkApr 30, 2026 · Application 19349549Pending
Design And Fabrication Of Photonic Cooling Device For Heat SourcesDec 25, 2025 · Application 19306757Pending
Photonics-based Cooling Of Heat SourcesDec 23, 2025 · US 12,507,381Granted
Fine-grain Dynamic Solid-state Cooling SystemOct 16, 2025 · Application 19190187Pending
Radiative HeatsinkOct 7, 2025 · US 12,435,931Granted
Fine-grain Dynamic Solid-state Cooling SystemApr 29, 2025 · US 12,287,651Granted
Radiative HeatsinkApplication PCTUS2023010764Pending
Radiative HeatsinkApplication 63299187Pending
Fine-grain Dynamic Solid-state Cooling SystemApplication PCTUS2019050167Pending
Computational Framework for Optimizing Anti-Stokes Fluorescence Cooling in Photonic Cold PlatesApplication 63867245Pending
Photonics-based Cooling Of Heat SourcesApplication PCTUS2025030442Pending
Dynamic Solid-state Heatsink Device For Controlling Temperature Of Hotspot Regions In Computing DevicesApplication 63783448Pending
Photonics-Based Cooling of Heat SourcesApplication 63685557Pending
Dynamic Solid-state Heatsink Device For Controlling Temperature Of Hotspot Regions In Computing DevicesApplication 63650148Pending

SkyscrapeSimilar federal contract value in Materials · null in contracts
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Regulatory activity · Materials

Sector-level, not company-level

24 Apr 2026Eliminating Regulations Establishing Fellowships in Laboratory Standardization and Testing for Foreign CitizensNational Institute of Standards and Technology
19 Feb 2026Eliminating Obsolete Marking Requirements for Toy, Look-Alike, and Imitation FirearmsNational Institute of Standards and Technology
19 Feb 2026Eliminating Obsolete Regulations Related to the Advanced Technology Program and the Technology Innovation ProgramNational Institute of Standards and Technology

Rules are matched to sector, not to company. Recent activity in a sector is context rather than a signal about this business — until rules are matched to what a company actually builds, the section is shown as context and nothing more.

Sources

Federal grants from SBIR/STTR, NIH, NSF and DoD records. Federal contracts from USAspending.gov. Private capital from SEC Form D. Patents from USPTO. Publications from OpenAlex. Regulatory activity from the Federal Register. Press matched on company name.

How to read this page

Figures show associations in public records, not causes or predictions. Nothing here is investment advice. An em-dash means no record was found under this company's name, not that none exists.

Data freshness

SEC Form D filings through Oct 23, 2026. SBIR and STTR awards through Oct 21, 2026.