Latest Xanadu News & Updates

See the latest news and media coverage for Xanadu. We track all announcements, press releases, and industry mentions in real time, all in one place.

Xanadu

Photonic quantum computing hardware and software company

xanadu.ai

Headquarters: Toronto, Canada
Founded year: 2016
Company type: Public company
Number of employees: 390–500
Industry: Integrated Hardware & Software

Last updated October 26

Latest news about Xanadu

In short: Xanadu reported Q2 loss, secured funding and advanced photonic quantum manufacturing.

Company announcements

October 26 Xanadu

Xanadu reports Q3 2026 financial results

Results release on November 11th with conference call at 5:30 PM EST for business outlook discussion.

October 19 Xanadu

Xanadu launches Inception facility for quantum manufacturing

The new Toronto site supports $893M Project OPTIMISM, creating 275 jobs and scaling photonics production.

August 28 Xanadu

Xanadu secures $195 million CAD in funding

The federal commitment finances Project OPTIMISM to establish domestic manufacturing capabilities for photonic quantum computing components within Canada.

August 5 Xanadu

Xanadu announces second quarter 2026 financial results

Revenue reached $1.5 million, net loss $42.1 million, cash $312.8 million, with milestones in hardware, software, and U.S. expansion.

Media coverage

October 6 Semiconductor Digest

GlobalFoundries to Industrialize Xanadu Quantum-Photonic Components on 300mm Line

This partnership combines Xanadu's existing expertise in ultra-low loss photonic design and process development with GF's industry-leading photonics manufacturing prowess.

September 28 The Globe and Mail

Xanadu and GlobalFoundries Announce Strategic Partnership to Accelerate Utility-Scale Quantum Manufacturing

This partnership combines Xanadu's existing expertise in ultra-low loss photonic design and process development with GF's industry-leading photonics manufacturing prowess to accelerate the development and...

August 26 Reuters

Canada to loan quantum startup Xanadu $140 million to build manufacturing plant

The Canadian government will loan C$195 million ($140.78 million) to Xanadu Quantum for setting up ...

August 25 The Globe and Mail

Xanadu and ASML Announce Collaboration to Advance Lithography for Photonic Quantum Hardware

Detailed price information for Xanadu Quantum Technologies Cl B (XNDU-Q) from The Globe and Mail including charting and trades.

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