In May 2018, Xanadu raised CA$9M in seed funding. In 2019 Xanadu received CA$32M during series A funding round as well as a grant from DARPA (Defense Advanced Research Projects Agency). OMERS Ventures were lead investors for both seed and Series A funding. In January 2020, Xanadu received a further US$4.4M in venture round funding from Sustainable Development Technology Canada.
Xanadu design and integrate quantum silicon photonic chips into existing hardware to create truly full-stack quantum computing.
Xanadu also develops software, the two main software products are PennyLane and Strawberry Fields. PennyLane lets users run quantum machine learning algorithms on any currently available quantum computing hardware. Strawberry Fields provides the access point for Xanadu's unique photonic quantum computers, as well as a suite of special-purpose quantum simulators.
Xanadu's products have applications in many fields such as:
- Machine Learning
Into the Light: Xanadu's Vision of a Photonic Future
February 14, 2019
Quantum.Tech Boston 2022
Xanadu Raises $32M Series A to Bring Photonic Quantum Computing to the Cloud
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- Quantum computingQuantum computing is a type of computation that harnesses the collective properties of quantum states, such as superposition, interference, and entanglement, to perform calculations. The devices that perform quantum computations are known as quantum computers.
- Artificial intelligenceTopics related to artificial intelligence.