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Xanadu

Quantum Computing Company • Canada
2016
Founded
Canada
Country
Private
Status
$200M
Total Raised

About Xanadu

Xanadu

Xanadu is a leading photonic quantum computing company that has pioneered the development of room-temperature, networkable quantum computers using squeezed light and integrated photonics. Founded in 2016, the company has developed the X-Series of photonic quantum computers, including the 216-mode Borealis system that demonstrated quantum computational advantage in Gaussian boson sampling by completing tasks in 36 microseconds that would take classical computers over 9,000 years. Xanadu’s unique approach uses continuous-variable quantum computing with photons, offering advantages in networking capabilities and room-temperature operation compared to other quantum technologies. The company is also the creator of PennyLane, an open-source quantum machine learning library that has become a standard tool for quantum-classical hybrid algorithms, used by researchers and developers worldwide. Xanadu operates Xanadu Quantum Cloud, providing programmatic access to their quantum hardware and simulators including Borealis through Amazon Braket. With significant funding and partnerships spanning academia, government, and industry, Xanadu is positioned at the forefront of photonic quantum computing and quantum machine learning applications.

Company Information

  • Founded: 2016
  • Country: Canada
  • Website: https://xanadu.ai
  • Categories: quantum processors, quantum software

Key People

Christian Weedbrook (Founder, CEO)

Investment Information

  • Status: private
  • Total Raised: $200M
  • Last Valuation: $1.0B

Recent Funding Rounds

  • 2022-07-14: series-c - $100M - Series C funding round
  • 2021-05-26: series-b - $100M - Series B funding round

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Company Information

📅

Founded

2016

🌍

Country

Canada

🌐

Investment Information

📊

Status

Private

💰

Total Raised

$200M

2 funding rounds tracked. View detailed investment history →

Key People

Christian Weedbrook (Founder, CEO)

Categories & Regions

Categories

Region

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