About Xanadu
Xanadu builds photonic quantum computers that encode information in light, using squeezed states and photonic chips rather than matter-based qubits. Its Aurora system is a modular, networked photonic machine, and the company also leads PennyLane, a widely used open-source library for quantum programming and machine learning. Xanadu was founded in 2016 and is based in Toronto, Canada. It completed a business combination with Crane Harbor Acquisition Corp. in March 2026 and now lists on Nasdaq and the Toronto Stock Exchange under the ticker XNDU.
Xanadu was founded in 2016 and is based in Toronto, Canada. It is listed under Quantum Computing, Photonic Computing. Reported funding is $302M public listing (March 2026, Nasdaq/TSX: XNDU).
Compute Technologies
- Quantum Computing
- Photonics
What Xanadu works on
Quantum Computing
A quantum computer is a machine that uses the rules of quantum physics to process information. Its basic unit is the qubit. A classical bit is either 0 or 1. A qubit can be in a superposition, a state that combines both, and its measured result is probabilistic.
Photonic Computing
Photonic computing uses light instead of electricity to carry or process information. Photons have no charge, so light in a waveguide does not cause the resistive heating that current in a wire does, though lasers and modulators still use power, and many wavelengths can share one waveguide. The industry has two quite different parts: moving data with light, and computing with light.
Also in Canada
Nord Quantique, Photonic Inc., Qubic, AuroraQ, Dream Photonics
