Xanadu

Xanadu is a Toronto-based quantum computing company developing photonic quantum processors and open-source quantum software. The company has raised $250 million across Series C, grant funding, and conventional debt, including a $100M Series C round that valued the company at $1 billion, followed by $30M in grants and $2.77M in debt financing. Backed by investors such as Georgian, Bessemer Venture Partners, OMERS, and Capricorn Partners, Xanadu focuses on building scalable, fault-tolerant quantum systems using photonic architectures.