On May 25, 2021, Xanadu secured US$100 million in a Series B financing round led by Bessemer Venture Partners. The funding will be used to help accelerate the development of Xanadu’s photonic quantum computer, amid a global race to commercialize the technology.
Founded in 2016, Xanadu Quantum Technologies Inc. is a Canadian quantum technology company, and one of the world's leading photonic quantum hardware providers.
Bessemer Venture Partners is a venture capital firm that funds consumer, enterprise, and healthcare startups.
Osler, Hoskin & Harcourt LLP advised Xanadu with a team led by Chad Bayne and consisting of Andrew Irwin, Sahil Chopra and Satnam Dosanjh (Emerging and High Growth Companies).
Key Contact
Partner, Emerging and High Growth Companies, Toronto
Team
Associate, Emerging and High Growth Companies, Toronto
Associate, Emerging and High Growth Companies, Toronto
