January 28, 2023

Xanadu receives $4.4M from SDTC

Xanadu, a Canadian quantum hardware and technology company, has received a $4.4M investment from Sustainable Development Technology Canada (SDTC). The investment will expedite the development of Xanadu’s photonic quantum computers and make them available over the cloud.

Xanadu’s unique photonic approach to quantum computing is said to be much more energy efficient than traditional computing methods, thereby saving energy and emissions from power generation. Xanadu’s quantum computers will one day have the ability to perform calculations at room temperature. (PR Newswire)

Read more.