Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares·Technology
Xanadu Quantum Technologies Inc. develops and provides photonic quantum computing hardware and software platforms, including cloud-based access to quantum computers and tools for quantum programming and simulation. The company provides access to photonic quantum computers through x-series devices available via the cloud, supporting programmable quantum gates and photon-number resolving detectors. It offers Pennylane, a Python library for quantum programming and differentiable quantum programming, enabling integration with machine learning tools and support for quantum-classical applications; Catalyst for just-in-time compilation and optimization of quantum algorithms; and Lightning, a high-performance quantum simulator for CPU and GPU that integrates with Pennylane. Users have access to documentation, tutorials, guides, and community-led resources for quantum machine learning, quantum chemistry simulations, and other quantum computing applications, along with collaboration and support from a team of quantum experts. The company serves professional clients in the quantum computing, software development, and machine learning sectors, as well as advanced users in research and development, including those utilizing high-performance computing and quantum hardware. The company was founded in 2016 and is based in Toronto, Canada.
Technology
Software - Infrastructure
3
2026-03-27
2.76

Following its Public Listing in the First Quarter of 2026, Xanadu Entered 2026 with Strengthened Capital Resources to Execute Against a Multi-Year Technology Roadmap Spanning Fault Tolerance, Manufacturing Scale-Up, and Commercial Adoption

Quantum firms go public despite volatile markets as recent breakthroughs pushed commercialization closer. Investors are backing the sector as funding shifts from research to early-revenue opportunities.

Xanadu to become the first publicly listed pure play photonic quantum computing company and will begin trading on the Nasdaq and Toronto Stock Exchange under the ticker symbol “XNDU” on March 27, 2026 Xanadu to become the first publicly listed pure play photonic quantum computing company and will begin trading on the Nasdaq and Toronto Stock Exchange under the ticker symbol “XNDU” on March 27, 2026

• Xanadu to Become the First Publicly Listed Photonic Quantum Technology Company • Expected to Begin Trading on the Nasdaq and TSX on March 27, 2026 Under Ticker XNDU • Gross Proceeds of Approximately USD$302 Million, In Addition to Previously Announced Negotiations with the Government of Canada and Ontario for an Up to CAD$390 Million Investment, Sets Company Up to Execute Against Technical Roadmap TORONTO, March 19, 2026 (GLOBE NEWSWIRE) -- Crane Harbor Acquisition Corp. (“Crane Harbor”) (Nasdaq: CHAC) today announced that its shareholders approved all proposals necessary to complete the previously announced business combination with Xanadu Quantum Technologies Inc. (“Xanadu”), a leading photonic quantum computing company, at Crane Harbor's extraordinary general meeting of shareholders. The approval represents an important milestone toward completing the transaction and advancing Xanadu's scalable photonic quantum technology platform.