Company Profile: Xanadu
Last Updated October 19
Xanadu is a quantum computing company with a unique approach to photonic quantum computing. Founded in 2016 by Christian Weedbrook in Toronto, Ontario, Canada, Xanadu has established itself as an innovator in the quantum computing field.
Xanadu's primary product, the X-series quantum computing chips, comprises:
- Squeezers: Generate special quantum states of light known as squeezed states.
- Interferometer Network: Consists of beam splitters and phase shifters acting as logical gates.
- Photon Detectors: Measure the output of quantum computations.
This architecture enables quantum computations using light particles. Xanadu's quantum computers operate at room temperature, eliminating the need for complex cooling systems required by other quantum computing approaches.
The company's photonic approach has attracted both attention and investment. Partnerships with industry leaders have highlighted real world applications, such as Toyota Research Institute of North America, aiming to harness quantum computing for advancing materials science simulations. Toyota AMRD
As of November 2022, Xanadu had raised a total of $250 million USD, bringing the company's valuation to $1 billion USD. Notable investors include Georgian, Porsche Automobil Holding SE, Forward Investments, Alumni Ventures, Pegasus Tech Ventures, Silicon Valley Bank, Bessemer Venture Partners, Capricorn, BDC Capital, and Tim Draper.
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