Founded Year

2016

Stage

Incubator/Accelerator | Alive

Total Raised

$267.08M

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-17 points in the past 30 days

About Xanadu

Xanadu provides a quantum photonic platform. Its platform uses artificial intelligence to integrate quantum silicon photonic chips into existing hardware to build a full-stack quantum computer. It enables clients to receive a quantum technology-based computing facility using a photonic cluster state technology and easily solve business problems. The company was founded in 2016 and is based in Toronto, Canada.

Headquarters Location

777 Bay Street 24th floor

Toronto, Ontario, M5G 2C8,

Canada

561-260-8886

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ESPs containing Xanadu

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Enterprise Tech / Semiconductors & HPC

The quantum computer makers — photonics market refers to the segment of the quantum computing industry that focuses on using light's quantum properties to build quantum processors. Proponents of this approach say it offers a quick way to scale up the number of qubits available — a rough proxy for overall quantum computing power and commercial usefulness.

Xanadu named as Leader among 7 other companies, including PsiQuantum, Photonic, and ORCA Computing.

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Research containing Xanadu

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Xanadu in 4 CB Insights research briefs, most recently on Sep 13, 2024.

Expert Collections containing Xanadu

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Xanadu is included in 8 Expert Collections, including Quantum Tech.

Q

Quantum Tech

611 items

This Expert Collection contains private and recently exited companies working on quantum computing, quantum communication, post-quantum cryptography, quantum sensors, and other quantum tech.

U

Unicorns- Billion Dollar Startups

1,270 items

G

Game Changers 2018

36 items

Our selected startups are high-momentum companies pioneering technology with the potential to transform society and economies for the better.

A

Artificial Intelligence

10,027 items

Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.

A

AI 100

200 items

The winners of the 4th annual CB Insights AI 100.

C

Conference Exhibitors

5,302 items

Xanadu Patents

Xanadu has filed 46 patents.

The 3 most popular patent topics include:

  • quantum mechanics
  • quantum information science
  • quantum computing
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/10/2020

4/1/2025

Quantum information science, Quantum mechanics, Quantum computing, Quantum physicists, Image processing

Grant

Application Date

12/10/2020

Grant Date

4/1/2025

Title

Related Topics

Quantum information science, Quantum mechanics, Quantum computing, Quantum physicists, Image processing

Status

Grant

Latest Xanadu News

Xanadu Selected for DARPA's Quantum Benchmarking Initiative (QBI)

Apr 3, 2025

News provided by Share this article Share toX TORONTO, April 3, 2025 /PRNewswire/ - Xanadu ( xanadu.ai ), a leading quantum computing company pioneering photonic-based hardware and the quantum programming software,  PennyLane , has been selected to participate in Stage A of the Quantum Benchmarking Initiative  (QBI), a groundbreaking program launched by the Defense Advanced Research Projects Agency (DARPA) in the United States. Launched in 2024, the QBI aims to determine whether quantum computers can achieve utility-scale operation by 2033. Xanadu's selection for the program solidifies the company's position at the forefront of quantum innovation and accelerates its mission to develop industrially useful quantum computers. "We are honored to be part of the Quantum Benchmarking Initiative," said Dr. Christian Weedbrook, CEO of Xanadu. "The QBI provides a unique opportunity to validate our technology against rigorous performance benchmarks. DARPA has assembled the most advanced third-party validation process in the world, and we are ready to demonstrate that our photonic quantum computing approach is one of the most viable paths to utility-scale machines, and unlocking truly revolutionary capabilities." Xanadu's Photonic Quantum Computing Approach Xanadu's unique photonic quantum computing platform leverages the properties of squeezed light to generate Gottesman-Kitaev-Preskill (GKP) qubits, an architectural approach that offers several advantages over matter-based and traditional photonic quantum systems: Room-temperature operation – significantly minimizing the amount of cryogenic cooling needed. High connectivity between qubits – enabling more efficient fault-tolerant operations. Scalable, modular, and networkable designs – critical for achieving practical quantum computing. To demonstrate the inherent scalability and modularity of this approach, Xanadu recently unveiled Aurora , the world's first complete prototype of a universal photonic quantum computer. This system consists of four modular and independent server racks, interconnected via photonic networking. While Aurora is not capable of industrially useful applications today, its design lays the foundation for error-corrected, universal photonic quantum computing, proving that the fundamental building blocks for large-scale quantum systems are already in place. Quantum Benchmarking Initiative: A Strategic Opportunity The QBI aligns with Xanadu's strategic vision of delivering quantum computational solutions that are useful and available to people everywhere. The initiative provides an unparalleled opportunity to refine its technology roadmap, engage with government stakeholders, and contribute to the development of industrially relevant applications, including in quantum chemistry and materials discovery. As the quantum computing industry moves closer to achieving practical applications, rigorous benchmarking and validation efforts such as QBI will play a crucial role in shaping the future of the field. Xanadu remains committed to pushing the boundaries of what is possible in quantum computing, ensuring that its innovations translate into real-world value for people and organizations around the world. About Xanadu: Xanadu is a Canadian quantum computing company with the mission to build quantum computers that are useful and available to people everywhere. Founded in 2016, Xanadu has become one of the world's leading quantum hardware and software companies. The company also leads the development of PennyLane, an open-source software library for quantum computing and application development. Visit xanadu.ai or follow us on X @XanaduAI. SOURCE Xanadu Quantum Technologies Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+

Xanadu Frequently Asked Questions (FAQ)

  • When was Xanadu founded?

    Xanadu was founded in 2016.

  • Where is Xanadu's headquarters?

    Xanadu's headquarters is located at 777 Bay Street, Toronto.

  • What is Xanadu's latest funding round?

    Xanadu's latest funding round is Incubator/Accelerator.

  • How much did Xanadu raise?

    Xanadu raised a total of $267.08M.

  • Who are the investors of Xanadu?

    Investors of Xanadu include Quantum Benchmarking Initiative, Innovate UK, National Research Council of Canada Industrial Research Assistance, FedDev Ontario’s Regional Quantum Initiative, Government of Canada and 22 more.

  • Who are Xanadu's competitors?

    Competitors of Xanadu include Photonic, Lightmatter, Quantum Source, QuiX Quantum, Pasqal and 7 more.

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Compare Xanadu to Competitors

PsiQuantum Logo
PsiQuantum

PsiQuantum operates as a quantum computing company focuses on developing a quantum computer. The company offers research and development in quantum computing, specializing in photonics-based architecture to create fault-tolerant quantum systems. It serves sectors that require advanced computational capabilities, such as pharmaceuticals, agriculture, and energy. It was founded in 2015 and is based in Palo Alto, California.

ORCA Computing Logo
ORCA Computing

ORCA Computing specializes in the development of full-stack photonic quantum computers, focusing on the technology sector and quantum computing industry. The company offers modular, fiber-interconnected quantum computing systems designed to enhance performance, scalability, and usability for applications such as machine learning and optimization. ORCA primarily serves government and enterprise clients, guiding them from the discovery to deployment of quantum applications. It was founded in 2019 and is based in London, United Kingdom.

QuiX Quantum Logo
QuiX Quantum

QuiX Quantum specializes in photonic quantum computing and operates in the quantum computing hardware sector. The company offers photonic quantum computing solutions that utilize light particles for information processing, and its products include a universal quantum computer, a special-purpose quantum computer, and a quantum photonic processor. It primarily serves the supercomputer industry. The company was founded in 2019 and is based in Enschede, Netherlands.

Photonic Logo
Photonic

Photonic specializes in quantum computing and networking technologies within the quantum technology sector. The company's main offerings include a quantum computing platform that utilizes the memory and computing capabilities of spins and the connectivity of photonics, industry-specific quantum algorithms, and quantum networking services. Photonic's technology primarily serves governments, academia, and corporations across various industries seeking to harness the power of quantum computing. It was founded in 2016 and is based in Coquitlam, Canada.

Q.ANT Logo
Q.ANT

Q.ANT specializes in industrial quantum technology and photonics solutions in native computing and sensing. The company offers products for artificial intelligence processing through photonic computing and provides sensing capabilities for applications. Q.ANT's technology aims to improve energy efficiency in data centers and enable human-machine interfaces. It was founded in 2018 and is based in Stuttgart, Germany.

Aegiq Logo
Aegiq

Aegiq specializes in quantum computing and quantum networking within the technology sector. The company offers a range of products including compact photonic quantum computers, quantum network interconnects, and quantum cryptographic communications, all utilizing integrated photonics for practical quantum applications. It primarily serves sectors such as telecommunications, defense and aerospace, financial, and advanced manufacturing. The company was founded in 2019 and is based in Sheffield, United Kingdom.

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