Xanadu
Xanadu is a photonic quantum computing company developing cloud-accessible quantum computers and open-source quantum software. The company specializes in light-based quantum computing technology that operates at room temperature, differentiating it from competitors requiring extreme cooling.
Public Company
Xanadu is publicly traded
This company is no longer available on our private secondary market. Shares can be traded publicly under its listed ticker.
Overview
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2016
Total Funding
$534M
4 rounds
Last Private Valuation
$3.1B
Mar 26, 2026
Secondary Signals
2 signalsRaised $67.2M in Q2 2026 under $300M synthetic at-the-market equity facility with Yorkville Advisors
Ongoing public-market capital access reduces near-term dilution urgency
In advanced negotiations for up to $285M ($390M CAD) from Canadian federal/Ontario governments for Project OPTIMISM manufacturing buildout
Large non-dilutive government backing, if closed, would extend runway and de-risk manufacturing scale-up
Funding
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $534M across 4 rounds
Last updated 08-12-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Mar 26, 2026 | SPAC PIPE | $302M | $3.1B | Crane Harbor Acquisition Corp |
| Nov 9, 2022 | Series C Press release | $100M | $1B | Georgian |
| May 25, 2021 | Series B Press release | $100M | — | Bessemer Venture Partners |
Valuation Trajectory
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Series C
$1B
Nov 2022
Xanadu today
$3.1B
Mar 2026 · latest mark
Xanadu multiple
3.1x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Prominent Investors
Leadership
Christian Weedbrook
Founder & CEO
Nathan Killoran
Chief Technology Officer, Software
Rafal Janik
Chief Operating Officer
Michael Trzupek
Chief Financial Officer
Natalie Wilmore
Chief Legal Officer
Rebecca Laramée
Chief People Officer
Competitors
Competitor list is illustrative and may be incomplete, stale, or erroneous.
PsiQuantum
Photonic quantum computing competitor using similar light-based quantum approach
IBM Quantum
Superconducting qubit-based quantum computing platform
IonQ
Trapped-ion quantum computing company
Xanadu Investment FAQ
Xanadu FAQ
Xanadu completed a SPAC merger with Crane Harbor Acquisition Corp on March 26, 2026, becoming the first pure-play photonic quantum computing company to go public. The combined company listed on Nasdaq and Toronto Stock Exchange under ticker XNDU on March 27, 2026, with gross proceeds of approximately $302 million from the merger and PIPE financing.
Xanadu shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.
Xanadu had a valuation of approximately $3.1B at the time of its public offering. Current market capitalization fluctuates with the share price.
Xanadu raised $534M across 4 disclosed funding rounds prior to its public listing.
Xanadu was founded by Christian Weedbrook in 2016.
Xanadu is headquartered in Toronto, Ontario, Canada.
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