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Xanadu

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Toronto, Ontario, CanadaFounded 2016318+ employeesGrowth raisedGrowthXNDU
Last round: post ipo equity · $275M · Mar 2026(14 rounds total)
Founded by Christian Weedbrook
Backed by(26 investors)
ARPA-EInnovation for Defence Excellence and SecurityFedDevStrategic Innovation FundGeorgianBessemer Venture PartnersDARPAOMERS VenturesSustainable Development Technology CanadaPorsche Automobil HoldingTim DraperSilicon Valley BankAlumni VenturesBusiness Development Bank of CanadaRadical Ventures

Xanadu Quantum Technologies Inc. is a Canadian quantum technology company, and one of the world's leading photonic quantum hardware providers. Founded in 2016, Xanadu's mission is to build quantum computers that are useful and available to people everywhere. To achieve this mission, the company has taken a full-stack approach and builds hardware, software, and pursues state-of-the-art research with select partners. The company is also advancing the field of quantum machine learning (QML) through the development of PennyLane, an open-source project that has become a leading software library among quantum researchers and developers. Xanadu is bringing together exceptional minds from around the world to build something extraordinary. Learn more at xanadu.ai

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