Where is Xanadu located?

Xanadu is headquartered in Toronto, Canada.

How many employees does Xanadu have?

As of Aug 31, 2026, the latest employee count at Xanadu is 376.

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 28 active competitors, of which 16 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Nord Quantique, which secured $30M in May, 2026.

Who are the top competitors of Xanadu?

Xanadu's top competitors include IQM, Seeqc and QuantWare. Among them, Nord Quantique secured the most recent funding round in May, 2026.

Xanadu - 2026 Company Profile, Team, Funding & Competitors

Xanadu is a public company based in Toronto (Canada), founded in 2016 by Christian Weedbrook. It operates as a Manufacturer of cloud and AI-based application-specific ICs for quantum computing applications. Xanadu has raised $250M in funding from investors like OMERS, Bessemer Venture Partners and Sustainable Development Technology Canada. The company has 28 active competitors, including 16 funded and 1 that has exited. Its top competitors include companies like IQM, Seeqc and QuantWare.

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 28 active competitors

Employee Count

376 as on Aug 31, 2026

Similar Companies

IQM & 26 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 376 employees as of Aug 26. Here is Xanadu's employee count trend over the years:

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Top competitors of Xanadu include IQM, Seeqc and QuantWare. 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, Ten Eleven Ventures & 26 others	74/100
2nd	Seeqc 2019, Elmsford (United States), Series A	Provider of system-on-chips for quantum computing applications	$64.3M	EQT, NordicNinja & 15 others	63/100
3rd	Xanadu 2016, Toronto (Canada), Public	Manufacturer of cloud and AI-based application-specific ICs for quantum computing applications	$250M	Georgian, Pegasus Tech Ventures & 25 others	63/100
4th	QuantWare 2021, Delft (Netherlands), Series B	Developer of superconducting quantum processors, amplifiers, and foundry services for quantum computing	$211M	FORWARD.one, InnovationQuarter & 11 others	59/100
5th	SparrowQuantum 2015, Copenhagen (Denmark), Series A	Developer of photonic quantum chip technology delivering single photons on demand	$60.7M	2xN, PensionDanmark & 14 others	57/100
6th	QuiX Quantum 2019, Enschede (Netherlands), Series A	Provider of photon-powered quantum computing processors	$23.2M	Invest-NL, FORWARD.one & 7 others	57/100
7th	Delft Circuits 2016, Delft (Netherlands), Series A	Provider of flexible microprocessors for quantum computing	$6.76M	HTGF, DeepTechXL & 5 others	55/100
8th	EeroQ 2016, Brooklyn (United States), Series A	Provider of gate-based quantum processor chips for universal quantum computers	$7.25M	ASCENT, B Capital & 6 others	53/100
9th	Nord Quantique 2020, Sherbrooke (Canada), Series A	Manufacturer of superconducting qubits	$37.5M	Quantonation, BDC & 7 others	50/100
10th	C12 Quantum Electronics 2019, Paris (France), Series A	Developer of carbon-based quantum computing hardware using unique qubit connections	$29.3M	360 Capital Partners, BNP Paribas Developpement ... & 9 others	44/100