Industry News

Xanadu Secures $100M in Series C

Nov 14, 2022, 02:00 AM by User Not Found
Photonic quantum computer company Xanadu has raised $100 million in series C financing. The round follows the company’s series B round, which Xanadu closed for $100 million last year.

Xanadu’s photonics-based approach to the development of quantum computers allows it to use modern chip manufacturing facilities, the application of existing optical components used in the telecommunications industry, and fiber optics to network its photonic chips.

In June, Xanadu reported that it had achieved quantum computational advantage using its Borealis photonic quantum computer. Borealis features 216 squeezed-state qubits. In a corresponding move announced at the time, Xanadu made the computer and its capabilities available to...
Load more comments
Comment by from