Boyue Technology

What Boyue Technology does

Boyue Technology (Shanghai Boyue Cryogenic Technology Co., Ltd., 上海铂钺制冷科技有限公司) is a Shanghai-headquartered, privately-held cryogenic refrigeration hardware company founded in February 2018 by Professor Dang Haizheng, a former researcher at the Chinese Academy of Sciences Shanghai Institute of Technical Physics. The company designs and manufactures ultra-low temperature refrigeration systems spanning the mK to 300K range, built on three proprietary technology platforms: high-frequency pulse tube cryocoolers (covering 2K and above), composite pulse-tube/JT refrigeration systems (covering sub-2K to sub-Kelvin), and helium-free dilution refrigerators (covering the mK regime). Its technology portfolio includes world-record-setting systems — a 2.2K five-stage pulse tube cryocooler, a 1.36K composite refrigerator, a 5mK dilution refrigerator, and 1000W-class ultra-high-capacity cryocoolers — protected by over 30 granted national invention patents.

The company's products serve three end-market verticals: quantum technology (dilution refrigerators and composite systems for superconducting quantum computers, quantum communication, and precision measurement); applied superconductivity (cooling systems for fusion reactor magnets, superconducting power grid equipment such as 10Mvar synchronous condensers, superconducting cables, and superconducting maglev); and infrared photoelectricity (miniaturized long-life pulse tube cryocoolers for infrared detectors used in AI-enabled sensing, remote sensing, night vision, and industrial inspection). Key commercial and institutional customers include China Southern Power Grid (bid win for Guangdong cryogenic helium gas circulation project), Star Ring Fusion and Energy Singularity (controlled nuclear fusion engagements), CAS Shanghai Institute of Technical Physics, the Infrared Physics National Key Laboratory, and FUTONG Quantum Technology.

Boyue generates revenue through custom cryogenic equipment sales, professional services and technical support, and collaborative R&D with research institutions supported by government funding. The go-to-market motion is enterprise field sales with direct engagement on multi-year contracts; pricing is quote-based and undisclosed. Distribution is primarily direct-to-enterprise and government tender in China, supplemented by international conference channels (EUCAS 2025, ACASC-Asian ICMC). The company completed its first external funding round in September 2025 at approximately 50 million yuan, and currently operates with a small team (1-10 reported) while actively hiring across engineering, manufacturing, and administrative functions to support production scale-up.

Name

Boyue Technology

Legal name

上海铂钺制冷科技有限公司

Website

https://boreas-cryogenics.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Shanghai Boyue Cryogenic Technology Co., Ltd. (Boyue Technology) designs and manufactures ultra-low temperature cryogenic refrigeration systems — pulse tube cryocoolers, composite refrigerators, and dilution refrigerators — for quantum computing, applied superconductivity, and infrared detection applications in China.

Ownership category

akta.pro rank

Product category

Cryogenic Refrigeration Equipment

NAICS

Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415)

SIC

Refrigeration & Service Industry Machinery (3580), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro primary industry

Dilution Refrigerators & Ultra-Low Temperature Platforms (HDAGABAC)

akta.pro secondary industries

Cryogenic Systems & Cryostats (HDAGABAA), Cryocoolers & Refrigeration Units (HDAGABAB), Cryogenic Vacuum, Pumps & Thermal Management (HDAGABAD)

Keywords

• Cryogenic refrigeration systems
• Ultra-low temperature cooling
• Dilution refrigerators
• Pulse tube cryocoolers
• Quantum cryogenic equipment

Headquarters

HQ city

Jiading

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales

Revenue model

1. Custom Cryogenic Refrigeration Equipment Sales: Sale of custom-designed low-temperature cryogenic refrigeration systems including pulse tube cryocoolers, composite refrigerators, and dilution refrigerators to industrial and research customers
2. Professional Services and Technical Support: Technical consulting, system integration, and after-sales support services for cryogenic systems
3. Research and Development Services: Collaborative R&D with research institutions on cryogenic technologies with government funding support

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Boyue Technology designs, manufactures, and sells custom ultra-low temperature cryogenic refrigeration systems, including high-frequency pulse tube cryocoolers (covering temperatures above 2K), regenerative and recuperative composite refrigerators (sub-2K to sub-Kelvin range), and large-cooling-capacity helium-free dilution refrigerators (mK range). Products serve industrial and research customers in applied superconductivity, quantum technology, and infrared photoelectricity sectors, with cooling performance spanning 7 mK to 300 K and unit capacities reaching 1220 W at 77 K.

Differentiator

Problem solved

Functional benefit

Products and services

• Four-stage High-frequency Pulse Tube Cryocooler
• 1K Temperature Zone Composite Refrigerator
• mK Temperature Zone Helium-free Dilution Refrigerator
• Oxford-type Opposed Moving-coil Linear Compressor
• 1000W-class Ultra-high Capacity High-frequency Pulse Tube Cryocooler
• Five-stage High-frequency Pulse Tube Cryocooler
• Single-stage Miniaturized High-frequency Pulse Tube Cryocooler

Quantifiable outcome

• Achieved 1.36K temperature - world's lowest for multi-stage high-frequency pulse tube coupled JT composite refrigeration cycle
• +4 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Chinese Academy of Sciences Shanghai Institute of Technical Physics (中科院上海技物所)coreStrategic or Co-development PartnerLong-term strategic research partnership on cryogenic technologies. Jointly developed composite refrigeration systems achieving 1.36K temperature, dilution refrigerators, and 3.3K four-stage pulse tube cryocoolers. Partner includes Infrared Physics National Key Laboratory (红外物理国家重点实验室).
• Chinese Academy of Sciences Shanghai Institute of Microsystem and Information Technology (中科院上海微系统与信息技术研究所)coreStrategic or Co-development PartnerJoint research with Professor Yu Lixing's team on applying 1.8K composite refrigerators to cool superconducting nanowire single photon detectors (SNSPD).
• Shanghai Quantum Science Research Center (上海量子科学研究中心)coreStrategic or Co-development PartnerResearch partner in quantum technology applications and dilution refrigerator development for quantum computing.
• FUTONG Quantum Technology (浙江) Co., Ltd. (赋同量子科技（浙江）有限公司)minorStrategic or Co-development PartnerPartner in superconducting nanowire single photon detector (SNSPD) applications and quantum technology research.
• Chinese Academy of Sciences University (中国科学院大学)minorStrategic or Co-development PartnerResearch collaboration partner contributing to cryogenic technology research and talent development.
• China Southern Power Grid (中国南方电网)coreStrategic or Co-development PartnerWon competitive bid for Guangdong Power Grid's 'Low-temperature Helium Gas Circulation Test System Expansion' project to support 10Mvar superconducting synchronous condenser. First major commercial application in applied superconductivity sector.
• Star Ring Fusion (陕西星环聚能科技有限公司)coreStrategic or Co-development PartnerVisited company to discuss application of ultra-large cooling capacity cryogenic systems for controlled nuclear fusion superconducting magnet cooling. Led by Dr. Chen Rui, Tsinghua University graduate and CEO.
• Energy Singularity (能量奇点能源科技（上海）有限公司)coreStrategic or Co-development PartnerVisit by Dr. Guo Houyang, APS Fellow and CTO, to discuss application of cryogenic refrigeration in fusion energy commercialization. Company developing 'Hungarian' series high-temperature superconducting tokamak.
• Shanghai Quantum Technology Equipment Industry Innovation Alliance (上海量子科技装备产业创新联盟)coreStrategic or Co-development PartnerBecame founding member unit of alliance established at 18th Pujiang Innovation Forum 2025. Alliance includes upstream and downstream industry chain for quantum technology R&D, application, and industrialization.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Cryostar (Air Liquide):
• Quantum Design: Quantum Design is a broad incumbent supplying scientific instrumentation, including cryogenic and magnetic measurement systems, with a deep global sales and service footprint. While not a pure-play cryocooler competitor, it serves overlapping research customers and distribution channels for low-temperature equipment.

Direct peers

• attocube systems: attocube manufactures cryogenic measurement systems, including dilution refrigerator platforms with integrated low-temperature microscopy and nanomechanics. Comparable in serving the same quantum and condensed matter research customers with low-temperature platform products.
• ICE Oxford: ICE Oxford manufactures cryogenic refrigeration systems including pulse tube cryocoolers and cryostat platforms for quantum computing, MRI, and research applications. Comparable to Boyue's pulse tube refrigeration and integrated cryogenic system business.
• Cryomech: Cryomech designs and manufactures Gifford-McMahon and pulse tube cryocoolers used as pre-cooling stages for dilution refrigerators and as standalone systems in research and industry. Comparable to Boyue's pulse tube cryocooler product line, including high-capacity and compact variants.
• Oxford Instruments NanoScience: Oxford Instruments NanoScience manufactures dilution refrigerators, PT cryocoolers, and superconducting magnet systems for quantum, low-temperature physics, and condensed matter research. Directly comparable product portfolio to Boyue's composite and dilution refrigeration lines, with deep entrenchment in research labs globally.
• Janis Research (Lake Shore Cryotronics): Lake Shore Cryotronics (parent of Janis Research) manufactures cryogenic systems including dilution refrigerators and continuous-flow cryostats for quantum, spintronics, and condensed matter research. Comparable to Boyue's cryostat and dilution refrigerator offerings for the same research customer base.
• Leiden Cryogenics: Leiden Cryogenics specializes in very low-temperature cryogenic equipment including dilution refrigerators and cryostats for research and quantum applications. Directly comparable niche competitor in the dilution refrigerator market, particularly in the European research community.
• Bluefors Cryogenics: Bluefors is the leading global manufacturer of dilution refrigerators for quantum computing, with the largest installed base among hyperscaler and research quantum labs. Directly comparable to Boyue in producing sub-Kelvin cooling systems for quantum technology customers, though at significantly larger scale and with broader international reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Boyue Technology