Company · North America

Xanadu Quantum Technologies

Photonic computing and the PennyLane framework. CQCP recipient (up to CAD $23 million) and a federal CAD $195 million toward Project OPTIMISM manufacturing, inside a larger package of up to CAD $390 million announced March 2026. DARPA QBI Stage B. About $302 million gross from the SPAC.

Photonic Software

Location: Toronto, ON, Canada
Region: North America
Stage: Public (Nasdaq/TSX: XNDU), SPAC close about 27 March 2026
Founded: 2016
People: Founder and CEO Christian Weedbrook
Funding: Reported About $302 million gross from the March 2026 SPAC. CQCP recipient (up to CAD $23 million) and a federal CAD $195 million toward Project OPTIMISM, inside a larger package of up to CAD $390 million announced March 2026. A 14 May 2026 company release also says Xanadu is backed by more than $500 million USD.
Website: https://www.xanadu.ai/

Sources

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