Founded Year

2016

Stage

Incubator/Accelerator | Alive

Total Raised

$267.08M

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

+39 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.

Headquarters Location

777 Bay Street 24th floor

Toronto, Ontario, M5G 2C8,

Canada

561-260-8886

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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.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Enterprise Tech / Semiconductors & HPC

The quantum software development tools market offers solutions for creating, testing, and optimizing quantum algorithms and applications. These tools range from high-level abstractions that transform functional models into quantum circuits to hardware-agnostic platforms enabling cross-platform development. Key features include quantum circuit synthesis, error correction, simulation capabilities, a…

Xanadu named as Highflier among 15 other companies, including IBM, Microsoft, and Google.

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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 4 CB Insights research briefs, most recently on Sep 13, 2024.

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.

Q

Quantum Tech

617 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.

U

Unicorns- Billion Dollar Startups

1,276 items

G

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.

A

Artificial Intelligence

12,322 items

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

A

AI 100 (All Winners 2018-2025)

300 items

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

C

Conference Exhibitors

5,302 items

Xanadu Patents

Xanadu has filed 46 patents.

The 3 most popular patent topics include:

  • quantum mechanics
  • quantum information science
  • photonics
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/10/2020

4/1/2025

Quantum information science, Quantum mechanics, Quantum computing, Quantum physicists, Artificial neural networks

Grant

Application Date

12/10/2020

Grant Date

4/1/2025

Title

Related Topics

Quantum information science, Quantum mechanics, Quantum computing, Quantum physicists, Artificial neural networks

Status

Grant

Latest Xanadu News

Xanadu, Mitsubishi Chemical to develop quantum algorithms for EUV lithography

Jul 7, 2025

ithography In this partnership, researchers from Mitsubishi Chemical's Materials Design Laboratory will provide deep expertise on EUV photoresist materials, including their molecular structures, compositions, and reactivity. Canadian quantum computing company Xanadu and Japan’s Mitsubishi Chemical have launched a joint project to use quantum computing for the advancement of new semiconductor chip fabrication technologies. This collaboration aims to discover novel quantum algorithms for simulating quantum processes in extreme ultraviolet (EUV) lithography, a wafer patterning technique utilizing extremely short wavelength light, which is critical for developing ever-smaller and more complex microchips, according to a media release. In this partnership, researchers from Mitsubishi Chemical’s Materials Design Laboratory will provide deep expertise on EUV photoresist materials, including their molecular structures, compositions, and reactivity. They will offer a fundamental understanding and quantitative analysis of key physical processes such as EUV absorption, Auger decay, and secondary electron effects. The Quantum Algorithms team at Xanadu will provide quantum algorithms expertise in designing the simulation algorithms that model light-matter interactions and secondary electron effects, the media release said. “Continued progress in chip miniaturization hinges on breakthroughs in EUV lithography and the design of superior photoresist materials. Precisely modeling how these materials interact with EUV light remains a formidable challenge,” said Torin Stetina, Senior Quantum Scientist at Xanadu. “Using quantum computers to simulate these interactions represents an exciting frontier in tackling this problem, offering a path to uncover material properties for future semiconductor generations.” “Canada is recognized as a global leader in quantum science and technology, as the result of decades of strategic investment and innovation,” said Louis-Pierre Émond, Minister (Commercial), Embassy of Canada to Japan. “In this context, Global Affairs Canada’s Trade Commissioner Service (TCS) in Tokyo is pleased to see the partnership between Xanadu and Mitsubishi Chemical come to fruition.” Explore the latest trends and developments in the electronics industry, and join us at the upcoming Evertiq Expo events. The next edition is scheduled for on September 4, 2025, in Gothenburg . These gatherings provide an excellent opportunity to meet key industry players and attend insightful talks by leading experts. Don't miss the chance to connect with innovators shaping the future of electronics.To stay up to date with the news and not miss an article, sign up for the Newsletter. Ad

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 Incubator/Accelerator.

  • How much did Xanadu raise?

    Xanadu raised a total of $267.08M.

  • Who are the investors of Xanadu?

    Investors of Xanadu include Quantum Benchmarking Initiative, Innovate UK, National Research Council of Canada Industrial Research Assistance, FedDev Ontario’s Regional Quantum Initiative, Government of Canada and 22 more.

  • Who are Xanadu's competitors?

    Competitors of Xanadu include PsiQuantum, Photonic, Akhetonics, Lightmatter, Quantum Source and 7 more.

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Compare Xanadu to Competitors

PsiQuantum Logo
PsiQuantum

PsiQuantum focuses on developing quantum computers. Its main offerings include the design and construction of utility-scale quantum computers utilizing a photonics-based architecture. The company also engages in research and development of applications for quantum computing that address problems in various sectors. It was founded in 2015 and is based in Palo Alto, California.

P
Polaris Electro-Optics

Polaris Electro-Optics focuses on integrated photonics for the communications and computation sectors. The company provides photonics products for data transmission in applications including data centers, cloud computing, artificial intelligence, high-performance computing, and quantum computing. It was founded in 2021 and is based in Broomfield, Colorado.

Quandela Logo
Quandela

Quandela operates in the quantum technology sector. Its offerings include quantum processors, simulators, algorithms, and consulting services. Quandela's products support the development and implementation of quantum computing algorithms and protocols. It was founded in 2017 and is based in Massy, France.

ORCA Computing Logo
ORCA Computing

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, United Kingdom.

Aegiq Logo
Aegiq

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.

Q.ANT Logo
Q.ANT

Q.ANT specializes in industrial quantum technology and photonics solutions in native computing and sensing. The company offers products for artificial intelligence processing through photonic computing and provides sensing capabilities for applications. Q.ANT's technology aims to improve energy efficiency in data centers and enable human-machine interfaces. It was founded in 2018 and is based in Stuttgart, Germany.

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