Xanadu raises $9 mln in OMERS Ventures-led seed round
Photonic quantum computing startup Xanadu has raised $9 million in a seed-stage financing. The round was led by OMERS Ventures and joined by Golden Ventures and Real Ventures. Founded in 2016 by CEO Christian Weedbrook, Toronto-based Xanadu designs and integrates quantum silicon photonic chips into existing hardware to create full-stack quantum computing. The result is expected to be increased capacity for solving problems in machine learning, chemistry, finance, sensing and drug discovery. Xanadu also announced that Seth Lloyd, an MIT professor and quantum computing expert, has joined the company as chief scientific advisor.
8 May 2018•3 mins read
