Where is Xanadu located?

Xanadu is headquartered in Toronto, Canada.

Who is the current CEO of Xanadu?

Christian Weedbrook of Xanadu. They have also founded 1 company.

How many employees does Xanadu have?

As of Mar 31, 2026, the latest employee count at Xanadu is 323.

Is Xanadu a funded company?

Xanadu is a funded company, having raised a total of $250M across 9 funding rounds to date. The company's 1st funding round was a $2.78M Conventional Debt round.

When was the latest funding round of Xanadu?

Xanadu's latest funding was a $2.03M Grant (prize money) round on Mar 06, 2026, with participation from 1 investor.

Is Xanadu a Photonics company?

The primary sectors of Xanadu are Photonics, Digital ICs and Quantum Computing.

Where does Xanadu rank among its competitors?

Xanadu ranks 3rd amongst 27 active competitors, of which 18 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Xanadu, which secured $2.03M in Mar, 2026.

Who are the top competitors of Xanadu?

Xanadu's top competitors include IQM, Seeqc and SparrowQuantum. Among them, Xanadu secured the most recent funding round in March, 2026.

Xanadu - 2026 Company Profile, Team, Funding & Competitors

Sectors and market segments that Xanadu operate in

Xanadu serves in the Semiconductors, High Tech market segments.The primary business model of Xanadu are:

Company Details

Manufacturer of cloud and AI-based application-specific ICs for quantum computing applications. It develops a quantum photonic processor and an open-source software platform. Its photonic-powered quantum processor chips are developed using squeezed light (fluctuation in light behaviour at the quantum level) concept for better calculations and computing speeds. It has developed open-source software that also includes a new quantum computing language, which is a dedicated machine learning platform for quantum computers.

Website: xanadu.ai
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Email ID: *****@xanadu.ai

Key Metrics

Founded Year

2016

Location

Toronto, Canada

Stage

Public

Total Funding

$250M in 9 rounds

Latest Funding Round

Grant (prize money), Mar 06, 2026, $2.03M

Investors

OMERS & 26 more

Ranked

3^rd among 27 active competitors

Employee Count

323 as on Mar 31, 2026

Similar Companies

IQM & 25 more

Exit Details

Public

View Xanadu's full profile

Xanadu is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Xanadu Inc CIN: 1529946 , United States, Active		$5M - $25M (As on Sep 14, 2011)	-	-

Xanadu got listed on Mar 26, 2026.

Click here to take a look at Xanadu's IPO in detail

Xanadu has raised a total funding of $250M over 9 rounds. Its latest funding round was a Grant (prize money) round on Mar 06, 2026 for $2.03M. 1 investor participated in its latest round. Xanadu has 26 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Xanadu:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 06, 2026	$2.03M	Grant (prize money)	-	-	-	DOE
Feb 24, 2024	$2.77M	Conventional Debt	-	-	-	FedDev Ontario
Feb 01, 2023	$30M	Grant (prize money)	-	-	-	Canadian Space Agency

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View details of Xanadu's funding rounds and investors

The founders of Xanadu is Christian Weedbrook. Christian Weedbrook is the CEO of Xanadu.

Here are the details of Xanadu's key team members:

Christian Weedbrook: Founder & CEO of Xanadu.
Contact Info: 1 email address

View details of Xanadu's Founder profiles and Board Members

Xanadu's employee count trend

Xanadu has 323 employees as of Mar 26. Here is Xanadu's employee count trend over the years:

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Top competitors of Xanadu include IQM, Seeqc and SparrowQuantum. Here is the list of Top 10 competitors of Xanadu, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	IQM 2018, Espoo (Finland), Series B	Developer of superconducting quantum computers	$600M	MIG Capital, OpenOcean & 25 others	69/100
2nd	Seeqc 2019, Elmsford (United States), Series A	Provider of system-on-chips for quantum computing applications	$64.3M	NordicNinja, M Ventures & 15 others	63/100
3rd	Xanadu 2016, Toronto (Canada), Public	Manufacturer of cloud and AI-based application-specific ICs for quantum computing applications	$250M	IQT, Georgian & 25 others	62/100
4th	SparrowQuantum 2015, Copenhagen (Denmark), Series A	Developer of photonic quantum chip technology delivering single photons on demand	$60.7M	2xN, PensionDanmark & 14 others	59/100
5th	Photonic 2013, Vancouver (Canada), Series D	Provider of silicon integrated photonics and quantum optics	$272M	Inovia Capital, BCI & 8 others	59/100
6th	Delft Circuits 2016, Delft (Netherlands), Series A	Provider of flexible microprocessors for quantum computing	$6.76M	HTGF, DeepTechXL & 5 others	55/100
7th	QuantWare 2021, Delft (Netherlands), Series A	Developer of superconducting quantum processors, amplifiers, and foundry services for quantum computing	$32.9M	FORWARD.one, InnovationQuarter & 8 others	55/100
8th	QuiX Quantum 2019, Enschede (Netherlands), Series A	Provider of photon-powered quantum computing processors	$23.2M	Invest-NL, FORWARD.one & 7 others	55/100
9th	EeroQ 2016, Brooklyn (United States), Series A	Provider of gate-based quantum processor chips for universal quantum computers	$7.25M	ASCENT, Calibrate Ventures & 6 others	52/100
10th	Nord Quantique 2020, Sherbrooke (Canada), Seed	Manufacturer of superconducting qubits	$7.47M	BDC, Quantonation & 2 others	48/100