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Founded Year



Grant - III | Alive

Total Raised




Last Raised

$29.83M | 10 mos ago

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

+20 points in the past 30 days

About Xanadu

Xanadu operates 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. It was founded in 2016 and is based in Toronto, Canada.

Headquarters Location

Toronto, Ontario, M5B 2H7,




ESPs containing Xanadu

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

Enterprise Tech / Semiconductors & HPC

The quantum computer makers - trapped ions market refers to the segment of the quantum computing industry that focuses on the development and manufacturing of quantum computers based on trapped ions technology. Trapped ions are one of the leading approaches to building quantum computers and involve the use of individual ions held in electromagnetic traps as qubits, the fundamental units of quantum…

Xanadu named as Leader among 5 other companies, including Quantinuum, Oxford Ionics, and Atom Computing.


Research containing Xanadu

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

CB Insights Intelligence Analysts have mentioned Xanadu in 5 CB Insights research briefs, most recently on May 10, 2023.

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 7 Expert Collections, including Quantum Tech.


Quantum Tech

559 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.


Unicorns- Billion Dollar Startups

1,228 items


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.


Artificial Intelligence

10,958 items

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


AI 100

200 items

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


Conference Exhibitors

5,302 items

Xanadu Patents

Xanadu has filed 29 patents.

The 3 most popular patent topics include:

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

Application Date

Grant Date


Related Topics





Application Date


Grant Date



Related Topics



Latest Xanadu News

Xanadu secures contract with Hamad Bin Khalifa University for quantum computing

Nov 3, 2023

Xanadu secures contract with Hamad Bin Khalifa University for quantum computing Share Toronto-based Xanadu , a company specializing in photonic quantum computing, has announced a partnership with Hamad Bin Khalifa University’s College of Science and Engineering (CSE) to prepare a quantum-ready workforce in Qatar. Under this partnership, the Qatar Center for Quantum Computing (QC2) at CSE will collaborate with Xanadu, marking the first international collaboration of its kind for QC2. The collaborative efforts will focus on the utilization of PennyLane, Xanadu’s open-source software, to develop educational content for students and establish training programs for HBKU’s faculty. [Image courtesy: Xanadu]

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 Toronto.

  • What is Xanadu's latest funding round?

    Xanadu's latest funding round is Grant - III.

  • How much did Xanadu raise?

    Xanadu raised a total of $264.3M.

  • Who are the investors of Xanadu?

    Investors of Xanadu include Government of Canada, Georgian, Tim Draper, Silicon Valley Bank, Capricorn Holdings and 18 more.

  • Who are Xanadu's competitors?

    Competitors of Xanadu include Photonic and 7 more.


Compare Xanadu to Competitors

PsiQuantum Logo

PsiQuantum specializes in general-purpose silicon photonic quantum computing. Its quantum computer is intended to drive advances in climate, healthcare, finance, energy, agriculture, transportation, and communications. It was founded in 2016 and is based in Palo Alto, California.

ORCA Computing Logo
ORCA Computing

ORCA Computing provides a full-stack photonic quantum computing system to address applications of scientific and economic importance. Its processor and architecture use photonics connectivity to explore the performance and scale of quantum computing. It was founded in 2019 and is based in London, United Kingdom.

Quix Logo

Quix is a company that specializes in photonic quantum computing within the technology industry. The company's main offerings include a photonic quantum computer and a quantum photonic processor, both of which use light particles to encode computational problems. These products are designed to operate at room temperature, offer scalability, and leverage existing classical photonics applications. It was founded in 2019 and is based in Enschede, Netherlands.

AegiQ Logo

AegiQ offers full-stack quantum computing and quantum networking solutions. The company offers a range of solutions, including quantum computing, quantum network interconnects, and quantum cryptographic communications, all of which are designed to be compatible with existing infrastructure. It offers Atlas which enables quantum communication network cost and also offers a performance analysis toolkit, iSPS is a compact compressor for cryogenic cooling. AegiQ primarily serves sectors such as telecommunications, defense and aerospace, and advanced manufacturing. The company was founded in 2019 and is based in Sheffield, United Kingdom.

Photonic Logo

Photonic focused on the development of scalable, fault-tolerant quantum technologies, operating in the quantum computing industry. The company offers a quantum computing platform and quantum networking services, which provide enhanced computing power and security for critical communications. Photonics serves governments, academia, and corporations across various industries. It was founded in 2019 and is based in Coquitlam, Canada.

Quantum Source

Quantum Source develops technology to enable a commercially viable, photonic quantum computer with millions of qubits. The company serves drug design, material development, cybersecurity, and the processing of large datasets for artificial intelligence (AI) applications. Quantum Source was founded in 2021 and is based in Rehovot, Israel.


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