Announced during a visit to Xanadu by Canadian Prime Minister Justin Trudeau, the investment will help the company build and commercialize a photonic-based, fault-tolerant quantum computer. The investment is part of the Canadian Quantum Strategy that we reported on earlier this month. Almost half of the $360 million CAD budgeted for that program is intended for commercialization. Additional information about this Xanadu investment can be found in a press release posted on the website of the Canadian Prime Minister here.

January 23, 2023