About Xanadu
Xanadu is a company based in Toronto (Canada) founded in 2016 by Christian Weedbrook. Xanadu has raised $234.79 million across 7 funding rounds from investors including SVB, Bessemer Venture Partners and Porsche Se. The company has 122 employees as of December 31, 2024. Xanadu operates in a competitive market with competitors including Seeqc, IQM, LightOn, C12 Quantum Electronics and Delft Circuits, among others.
- Headquarter Toronto, Canada
- Employees 122 as on 31 Dec, 2024
- Founders Christian Weedbrook
- Stage Unicorn
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Sectors
Technology
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Email
Locked
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Phone
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Website
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$234.79 M (USD)
in 7 rounds
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Latest Funding Round
$2.77 M (USD), Debt – Conventional
Feb 24, 2024
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Investors
SVB
& 21 more
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Employee Count
122
as on Dec 31, 2024
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People of Xanadu
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Funding Insights of Xanadu
Xanadu has successfully raised a total of $234.79M across 7 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $2.77 million completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Xanadu
Xanadu has secured backing from 22 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include SVB, Bessemer Venture Partners and Porsche Se.
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Venture capital is provided to expanding B2B software companies.
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Venture capital investing and portfolio management services for accredited investors.
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Venture capital fund investing in tech startups
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Investor details for Xanadu
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Investments & Acquisitions by Xanadu
Investment portfolio details for Xanadu
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Financial Statements - Xanadu
Detailed financials for Xanadu
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Xanadu Comparisons
Peer comparison for Xanadu
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Competitors of Xanadu
Xanadu operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Seeqc, IQM, LightOn, C12 Quantum Electronics and Delft Circuits, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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System-on-chips for quantum computing applications are provided.
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Superconducting quantum computers are developed with advanced processors and operations.
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Optical processors are provided for machine learning computations.
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Manufacturer of application-specific integrated circuits for quantum computing applications
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Superconducting circuits and cryogenic solutions for quantum computing are developed.
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Detailed competitors of Xanadu
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Latest news on Xanadu
Complete news archive for Xanadu
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Frequently Asked Questions about Xanadu
Xanadu was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Xanadu is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Christian Weedbrook is the current CEO of Xanadu. They have also founded this company.
Xanadu is a funded company, having raised a total of $234.79M across 7 funding rounds to date.
As of Dec 31, 2024, the latest employee count at Xanadu is 122.
Xanadu is engaged in technology or AI-related activities. Specific sectors, solutions, or operational details are not provided on the website. The scope of services or products remains unclear based on available content.
Xanadu has 22 investors. Key investors include SVB, Bessemer Venture Partners, Porsche Se, OMERS, and BDC.
The valuation of Xanadu is $1B as of Nov 2022.