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Xanadu
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…
Xanadu
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…
TL;DR
Founded: 2016
Headquarters: Toronto, Canada
Focus: Photonic quantum hardware and quantum software
Flagship software: PennyLane (open-source)
Public listing / proceeds: $302M de-SPAC completed in 2026
Company Overview
Problem Domain
Scaling and commercializing photonic quantum computing hardware and software for quantum applications and quantum machine learning.
Founded
2016
Industry
Computer Hardware Manufacturing
Tech Stack
Funding Track Record
$302M
Business combination with Crane Harbor Acquisition Corp.; transaction generated gross proceeds of $302M
$272.5M (cash on hand)
Reported following the business combination
Negotiating up to C$285M (subject to due diligence)
Includes prior government-linked loan activity and reported negotiations with Canadian and Ontario governments
Investor Signal
“Completed business combination with Crane Harbor Acquisition Corp. and included a committed PIPE of strategic and institutional investors as part of the transaction”
Founders
What we do
Join the Team
Startup jobs. A lot of them.
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