Xanadu Quantum Technologies
Toronto, Ontario, Canada · Information Technology, Manufacturing, Software
Xanadu Quantum Technologies is a leader in photonic quantum computing. Established in 2016, its Borealis quantum processor achieved quantum supremacy in 2022. The company offers the open-source platform PennyLane, supporting global quantum developers.
Key facts
- Headquarters
- Toronto, Ontario, Canada
- Employees
- Unknown
- Industries
- Information Technology, Manufacturing, Software
- Status
- Public (XNDU)
- Website
- www.xanadu.ai
- Company page
Recent activity at Xanadu Quantum Technologies
- : Xanadu Appoints Tara Deakin as Chief People Officer
- : Xanadu and ASML Join Forces to Enhance Lithography for Photonic Quantum Hardware.
- : Xanadu secures a $195 million CAD loan from the Government of Canada to establish an advanced photonics hub in Toronto, enhancing its quantum computing development efforts.
- : Xanadu Quantum secures a C$195 million ($140 million) loan from the Canadian government to build a manufacturing plant for photonic components. This support marks the largest federal investment in quantum technology in Canada.
- : Xanadu Quantum Technologies partners with Mitsubishi Chemical to address EUV lithography challenges.
- : University of Guelph and Xanadu Partner to Advance Quantum Computing Education.
- : Xanadu to merge with Crane Harbor Acquisition Corp
- : Xanadu to merge with Crane Harbor Acquisition Corp.
- : Xanadu Quantum Technologies Appoints Michael Trzupek as CFO and Natalie Wilmore as CLO
- : Xanadu Quantum Technologies and A*STAR Strengthen Partnership for Quantum Technology Development.
Xanadu Quantum Technologies funding history
| Date | Round | Amount |
|---|---|---|
| Nov 2022 | Series C | Undisclosed |
Leadership
- Tara Deakin, Chief People Officer
- Natalie Wilmore, Chief Legal Officer
- Michael Trzupek, Chief Financial Officer
Verified email and direct lines for Xanadu Quantum Technologies’s decision-makers are on Fundz. See plans
Xanadu Quantum Technologies in the news
- Government of Canada Invests CAD $195 Million in Xanadu to Build the Quantum Supply Chain - Xanadu AI (Aug 28, 2026)
- Xanadu sets new industry benchmark in photonic chip packaging - Xanadu AI (Jun 10, 2026)
- Xanadu and Oak Ridge National Laboratory push the boundaries of large-scale quantum programming on the Frontier supercomputer - Xanadu AI (Apr 29, 2026)
- Old soup factory takes on new high-tech life as quantum computing firm gets $195M federal boost - CBC (Aug 29, 2026)
- NVIDIA didn’t invest in Xanadu, but it made its CEO a billionaire anyway - The Next Web (Apr 18, 2026)
- Xanadu Becomes First Pure-Play Photonic Quantum Computing Company to Go Public - Xanadu AI (Mar 27, 2026)
- Xanadu Highlights Strong Engagement at 2026 Analyst Day - Xanadu AI (Mar 05, 2026)
- Crane Harbor Acquisition Corp. Shareholders Approve Business Combination with Xanadu Quantum Technologies Inc. - Xanadu AI (Mar 19, 2026)
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About Xanadu Quantum Technologies: questions and answers
What does Xanadu Quantum Technologies do?
Xanadu Quantum Technologies is a leader in photonic quantum computing. Established in 2016, its Borealis quantum processor achieved quantum supremacy in 2022. The company offers the open-source platform PennyLane, supporting global quantum developers.
Where is Xanadu Quantum Technologies headquartered?
Xanadu Quantum Technologies is headquartered in Toronto, Ontario, Canada.
Has Xanadu Quantum Technologies raised funding?
Yes. Fundz has recorded 1 funding event for Xanadu Quantum Technologies. The most recent, Series C of Undisclosed, was in Nov 2022.
What is the latest news on Xanadu Quantum Technologies?
On Sep 22, 2026, Xanadu Appoints Tara Deakin as Chief People Officer
Is Xanadu Quantum Technologies a public company?
Yes. Xanadu Quantum Technologies is publicly traded under the ticker XNDU.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy