Xanadu Closes $100M Usd Series C To Accelerate Development Of Fault-Tolerant Quantum Computers

Xanadu (xanadu.ai), the world leader in photonic quantum computing, has announced it has raised $100M USD in Series C financing. Georgian led the round with participation from Porsche Automobil Holding SE, Forward Ventures, Alumni Ventures, Pegasus Tech Ventures, Silicon Valley Bank, along with previous investors Bessemer Venture Partners, Capricorn, BDC Capital, and Tim Draper. To date, Xanadu has raised $250M USD, bringing the company valuation to $1B USD.