Xanadu Quantum Technologies Limited
PublicXanadu Quantum Technologies Limited is now publicly traded
The data on this page reflects Xanadu Quantum Technologies Limited's private-market history up to the point it went public, including its funding rounds, valuation, and investors.
Last Round
Debt
Nov 11, 2026
Total Funding Raised
$751.97M
Company Overview
Xanadu Quantum Technologies Limited operates in Quantum Computing and is based in Toronto, Ontario. It has raised $751.97M.
Xanadu Quantum Technologies Limited is a photonic quantum computing company that develops cloud-accessible quantum hardware and open-source quantum software.
Sector
Quantum Computing
Verticals
Artificial Intelligence & Machine Learning, CloudTech & DevOps
AI Layer
Infrastructure
Xanadu Quantum Technologies Limited Comparables
Compare Xanadu Quantum Technologies Limited with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| PsiQuantum | 88% | |
| Photonic Inc | 87% | |
| Rigetti Computing | 87% |
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Xanadu Quantum Technologies Limited Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Debt | Nov 11, 2026 | ||||
| Private Placement | May 21, 2026 | ||||
| Grant | Mar 6, 2026 | ||||
| Grant | Dec 15, 2025 | ||||
| Grant | Nov 6, 2025 | ||||
Grant | Jul 30, 2025 |
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Key People
Founding team and executive leadership
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Xanadu Quantum Technologies Limited Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| MMCAP Ventures | Grant |
| Capricorn Investment Group | Series C, Series B |
| Sustainable Development Technology Canada | Grant |
| OMERS | Series B, Seed, Series A |
| BMO Global Asset Management | Grant |
| Georgian | Series B, Series A, Grant, Series C |
| Planet First Partners | Grant |
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Recent news
Latest coverage and updates
- has_revenueNov 12, 2026
Xanadu Quantum Technologies Inc. reports Q3 '26 revenue of $1.3 million, up 32% from $987K a year earlier, driven mainly by DARPA's Quantum Benchmarking Initiative and partnership work in Canada.
- has_revenue_increased_byNov 12, 2026
Xanadu Quantum Technologies Inc. reports third-quarter revenue growth of 32% from the previous year to $1.3 million despite a $32.2 million net loss.
- has_revenueNov 12, 2026
Xanadu Quantum Technologies Inc. reports $1.3 million in third-quarter revenue, up 32% year over year, and ends September with $287M in cash and cash equivalents in Canada.
- invests_into_assetsNov 11, 2026
Xanadu Quantum Technologies Inc. secures $140M in Canadian government funding to support its planned Inception facility in Ontario on Nov 11th '26.
- has_issues_withNov 11, 2026
On Nov 11th '26, Xanadu Quantum Technologies Inc. reports a $32.2 million net loss and a $26.3 million adjusted EBITDA loss as research and development spending increases.
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Xanadu Quantum Technologies Limited Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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