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Quantum computing startup Xanadu receives $40 million in federal funding: Globe and Mail

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From left to right: Xanadu CEO and former UU直播 post-doctoral researcher Christian Weedbrook, Prime Minister Justin Trudeau and Innovation, Science and Industry Minister Fran莽ois-Philippe Champagne (photo by Alex Tetreault)

Xanadu Quantum Technologies, founded by former UU直播 post-doctoral physics researcher Christian Weedbrook, has to support its leading quantum computing technology, .

Prime Minister Justin Trudeau recently visited the Toronto startup鈥檚 headquarters to announce the investment through the federal Strategic Investment Fund, to allow Xanadu to build and commercialize the world鈥檚 first photonic-based, fault-tolerant quantum computer.

鈥淲hat鈥檚 happening here is cutting edge not just in Canada, but around the world,鈥 said Trudeau, whose government has pledged to spend $360 million in a national strategy to advance quantum technologies.

Xanadu, an alumnus of the seed-stage accelerator at UU直播鈥檚 Rotman School of Management, revealed last year that its system, called Borealis, had achieved 鈥quantum advantage鈥 by solving in 36 millionths of a second a specific math problem that would take some 9,000 years for the world鈥檚 most powerful supercomputers to complete.

 

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