On November 11, 2022 , Xanadu announced that it secured US$100 million in a Series C financing, led by Canadian private capital firm Georgian with participation from Porsche Automobil, Forward Ventures, Alumni Ventures, Pegasus Tech Ventures, Silicon Valley Bank and previous Xanadu investors. The funding follows Xanadu’s scientific breakthrough which has allowed them gain a lead in the global race to develop quantum computers.
Founded in 2016, Xanadu is a Toronto- based quantum technology company, and one of the world's leading photonic quantum hardware providers.
Osler, Hoskin & Harcourt LLP advised Xanadu with a team consisting of Chad Bayne, Andrew Irwin, Jordana Corber-Tovel, Satnam Singh Dosanjh and Nik Popovski (Emerging and High Growth Companies).