Xanadu Closes $100M Usd Series C To Accelerate Development Of Fault-Tolerant Quantum Computers
Round Type
Series C
TorontoManufacturingInformation TechnologySoftwareInvestors
Description
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.
Quick answer
Xanadu Quantum Technologies raised an undisclosed amount in a Series C round, dated November 9, 2022. Investors: Tim Draper. Xanadu Quantum Technologies is based in Toronto, Ontario, Canada.
- How much did Xanadu Quantum Technologies raise?
- Xanadu Quantum Technologies raised an undisclosed amount in a Series C round on November 9, 2022.
- Who invested in Xanadu Quantum Technologies?
- Tim Draper is named as investors in this round.
- What does Xanadu Quantum Technologies do?
- Xanadu Quantum Technologies is a leader in photonic quantum computing.
- Where is Xanadu Quantum Technologies based and how big is it?
- Xanadu Quantum Technologies is based in Toronto, Ontario, Canada. Fundz records about 394 employees.
- Who are the decision-makers at Xanadu Quantum Technologies?
- Fundz holds 5 contacts at Xanadu Quantum Technologies, including the Founder/CEO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Manufacturing and Software around the same time
Companies in the same sectors as Xanadu Quantum Technologies that raised within 45 days of this round, from Fundz verified event records.
- MasterControl raised $150M (Series A) on December 15, 2022.
- Circ, INC. raised $25M on November 30, 2022.
- Natron Energy raised an undisclosed amount (Funding Round) on November 30, 2022.
- SCW.AI raised $10M (Series A) on November 30, 2022.
- Sonic Foundry raised $8.5M (Debt Financing) on November 21, 2022.
- AMFG raised $8.5M (Funding Round) on November 18, 2022.
Who to call at Xanadu Quantum Technologies, and when
A new round usually means Xanadu Quantum Technologies is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Xanadu Quantum Technologies raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Xanadu Quantum Technologies, from your own LinkedIn network
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Related People
Xanadu Quantum Technologies raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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