Xanadu, a Toronto, Canada-based quantum hardware and technology company, raised $4.4M in funding.
Sustainable Development Technology Canada (SDTC) made the investment.
The company intends to use the funds to expedite the development of its photonic quantum computers and make them available over the cloud.
Led by Christian Weedbrook, CEO, Xanadu is developing a unique type of quantum computer, based on photonic technology, which is inherently more power-efficient than electronics. The company’s photonic approach uses laser light to carry information through optical chips, rather than the electrons or ions used by their competitors. By using photonic technology, Xanadu’s quantum computers plan to perform calculations at room temperature, and eliminate the cooling systems required by most other types of quantum computers.