Xanadu
Xanadu (XNDU) is a publicly traded Photonic Qubits company founded in 2016 and based in Toronto, Canada.
Xanadu builds photonic quantum computers and develops PennyLane, an open-source quantum machine learning framework. Xanadu's Borealis processor demonstrated quantum advantage in Gaussian boson sampling in 2022. The company went public in March 2026 via SPAC merger under ticker XNDU on Nasdaq and TSX, raising $302M.
The first pure-play photonic quantum computing company to go public (Nasdaq: XNDU, March 2026), with over $534M raised and PennyLane as the most widely used open-source quantum ML framework.
xanadu.ai ↗·Photonic Qubits·
Canada·public · XNDU 
