Tech Company Financing Transactions
Xanadu Funding Round
Xanadu secured a $100 million Series C venture capital round on 11/9/2022. Backers included Georgian, Alumni Ventures and BDC Venture Capital.
Transaction Overview
Company Name
Announced On
11/9/2022
Transaction Type
Venture Equity
Amount
$100,000,000
Round
Series C
Investors
Proceeds Purpose
The company intends to use the funds to accelerate progress towards the goal of specifically building a first module validating their fault-tolerant quantum computing architecture.
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
Undisclosed
Toronto ON, M4B 1B4
Canada
Toronto ON, M4B 1B4
Canada
Phone
Undisclosed
Website
Email Address
Overview
Xanadu is a quantum technologies company powered by light. We design and integrate quantum silicon photonic chips into existing hardware to create truly full-stack quantum computing. Our methods will solve today's toughest business problems significantly faster than ever imagined.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Christian Weedbrook
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