Xanadu

Sector Technology

Headquarters Toronto

Founder Christian Weedbrook

Founded 2016

Employees 101-250

Funding CAD $317.3M

This past spring, Xanadu announced a breakthrough: Its quantum computer, Borealis, had solved a math problem. But not just any problem. Borealis had solved in just a few millionths of a second a statistical distribution that, by some estimates, would have taken the world’s most powerful supercomputer more than 9,000 years to complete. That, in a nutshell, is the potential of quantum computing: unimaginable speed and calculating power. The potential applications of quantum computers are many and varied: faster financial analysis, better therapeutic treatments, next-generation battery development, and even more effective climate-change mitigation. Xanadu is on a mission to build quantum computers that are useful and available to people everywhere. In pursuing its goal, Xanadu is competing with some of the world’s leading tech giants, including Google and IBM. CEO and Founder Christian Weedbrook is undeterred: Our numerous technical achievements and the support for our technology “shows the exceptional talent we have here at Xanadu.

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