Xanadu
Founded Year
2016Stage
Grant - IV | AliveTotal Raised
$267.08MValuation
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-50 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.
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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.
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 7 CB Insights research briefs, most recently on Sep 13, 2024.
Sep 13, 2024
The AI computing hardware market map
Nov 3, 2021
Is Quantum Computing The Next Banking Arms Race?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.
Quantum Tech
599 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
1,249 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
9,056 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 41 patents.
The 3 most popular patent topics include:
- quantum mechanics
- quantum information science
- quantum computing
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
1/23/2023 | 7/9/2024 | Quantum information science, Artificial neural networks, Machine learning, Quantum mechanics, Quantum computing | Grant |
Application Date | 1/23/2023 |
|---|---|
Grant Date | 7/9/2024 |
Title | |
Related Topics | Quantum information science, Artificial neural networks, Machine learning, Quantum mechanics, Quantum computing |
Status | Grant |
Latest Xanadu News
Oct 9, 2024
Toyota and Xanadu Partner to Advance Quantum Computing for Materials Science Simulations and Quantum Sensing Toyota and Xanadu Partner to Advance Quantum Computing for Materials Science Simulations and Quantum Sensing Toyota Research Institute of North America (TRINA) and Xanadu have announced a partnership to leverage quantum computing in materials science simulations. The collaboration focuses on developing quantum algorithms to enhance the design and characterization of complex materials, particularly those relevant to quantum sensors and energy technologies. This research targets the discovery of optically addressable spin defects in 2D materials, which are critical for next-generation quantum sensors. Traditional computational methods face limitations in accurately predicting the properties of these defects, but quantum computing offers the potential for unprecedented precision. By integrating quantum embedding theory with optimized quantum algorithms, the project aims to reduce computational costs while improving accuracy. This hybrid approach divides tasks between quantum computers and classical supercomputers, enhancing efficiency. The collaboration specifically examines boron vacancies in hexagonal boron nitride, a promising system for quantum sensing applications. Toyota and Xanadu’s partnership highlights the growing role of quantum computing in overcoming complex challenges in materials science, with significant implications for future quantum sensing technologies. For more information, visit the press release here . and a technical paper describing this research here . October 8, 2024
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 Grant - IV.
How much did Xanadu raise?
Xanadu raised a total of $267.08M.
Who are the investors of Xanadu?
Investors of Xanadu include National Research Council of Canada Industrial Research Assistance, Innovate UK, FedDev Ontario’s Regional Quantum Initiative, Government of Canada, Georgian and 21 more.
Who are Xanadu's competitors?
Competitors of Xanadu include Lightmatter, Quantum Source, QuiX Quantum, Pasqal, PsiQuantum and 7 more.
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Compare Xanadu to Competitors
PsiQuantum is a quantum computing company focused on developing a commercially useful quantum computer for various sectors. The company's main offering is a photonics-based quantum computer architecture designed for fault tolerance and scalability, utilizing conventional silicon chip foundries for manufacturing. PsiQuantum's technology aims to provide concrete solutions to complex computational problems in industries such as climate tech, energy, pharma, defense, and financial services. It was founded in 2015 and is based in Palo Alto, California.
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, England.
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 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.
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.
QC82 is a company focused on quantum computing within the technology industry. The company's main offering is the development of room-temperature photonic chips for scalable universal quantum computing, which are designed to make quantum computing more practical and accessible. It was founded in 2020 and is based in College Park, Maryland.
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