Xanadu goes public today. That is a big moment for Canadian tech. Six years ago, Christian Weedbrook (Founder & CEO of Xanadu) was on the TechTO stage talking about building the “ultimate computer” and saying the real work happens through milestones. Today Xanadu starts trading as XNDU on the Nasdaq and TSX. That makes it the first publicly listed photonic quantum computing company. This is not one of those “cool deep tech story, maybe someday” companies anymore. Xanadu is showing up here with a roughly US$3.1B pro forma enterprise value, about US$302M in gross proceeds from the transaction, and negotiations underway for up to CAD$390M in government support for quantum manufacturing in Canada. The old Christian quote that stands out now: “There’ll be milestones along the way…” That is probably the right lens for today. A very real milestone on a long founder journey. Watch the full talk → https://lnkd.in/egzbc9pQ #TechTO #CanadianTech #QuantumComputing #Founders #Xanadu
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Engaging with global quantum technology communities is crucial for innovation. Recent collaborations, like the Qiskit Fall Festival in Argentina, highlight the growing involvement of young talent in quantum research and entrepreneurship. These events foster a vision for creating new companies and advancing quantum technologies. There's significant potential for growth and involvement in Argentina's quantum sector, with young people actively embracing these cutting-edge technologies. #QuantumComputing #Innovation #Technology #Argentina #STEM
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Xanadu Is About to Make Canadian Quantum History For anyone my age, Xanadu is an Olivia Newton-John movie that probably should have stayed on roller skates. Toronto's Xanadu Quantum Technologies is having a much better run. I'm not a SPAC fan. But what's happening with Toronto's Xanadu Quantum Technologies is worth paying attention to regardless of how you feel about the wrapper. Xanadu is closing in on a $3.6 billion SPAC merger that would make it the first Canadian tech company to list on the TSX since 2021 and the world's first publicly traded pure-play photonic quantum computing company. The bigger story dropped last Tuesday. Xanadu revealed it's negotiating up to $390 million in combined federal and Ontario funding for "Project OPTIMISM" - building domestic semiconductor and photonic manufacturing in Canada. A quantum-powered data centre in Toronto by 2029. They're currently packaging photonic chips in the basement of their office building, next to a Farm Boy bakery. In my experience, the companies building in basements tend to be the ones that actually mean it. Three of Canada's four Quantum Champions (Xanadu, Photonic Inc., and Nord Quantique) just advanced to Stage B of DARPA's Quantum Benchmarking Initiative. DARPA doesn't fund roadmaps. They fund hardware they believe can reach utility scale. Canada put three companies through that filter. CEO Christian Weedbrook has been blunt: Xanadu is staying here. After D-Wave moved south in 2023, that commitment carries weight. Dual-listed on Nasdaq and TSX. Data centre in Toronto. Government money keeping the supply chain domestic. We've spent decades funding quantum research in this country. We're about to find out if we can build the thing too. Sorry about the amateur art, but I couldn't write about Xanadu without putting ONJ on roller skates. The 80s kid in me demanded it. #QuantumComputing #CanadianTech #DeepTech #PhotonsEh #whatsInYourBasement
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Xanadu Quantum Technologies is building in Canada and staying here. 🇨🇦 We have so much happening now from infrastructure to defence to energy, rocketry, and leading-edge quantum computing. “Xanadu revealed it's negotiating up to $390 million in combined federal and Ontario funding for "Project OPTIMISM" - building domestic semiconductor and photonic manufacturing in Canada. A quantum-powered data centre in Toronto by 2029.”
Xanadu Is About to Make Canadian Quantum History For anyone my age, Xanadu is an Olivia Newton-John movie that probably should have stayed on roller skates. Toronto's Xanadu Quantum Technologies is having a much better run. I'm not a SPAC fan. But what's happening with Toronto's Xanadu Quantum Technologies is worth paying attention to regardless of how you feel about the wrapper. Xanadu is closing in on a $3.6 billion SPAC merger that would make it the first Canadian tech company to list on the TSX since 2021 and the world's first publicly traded pure-play photonic quantum computing company. The bigger story dropped last Tuesday. Xanadu revealed it's negotiating up to $390 million in combined federal and Ontario funding for "Project OPTIMISM" - building domestic semiconductor and photonic manufacturing in Canada. A quantum-powered data centre in Toronto by 2029. They're currently packaging photonic chips in the basement of their office building, next to a Farm Boy bakery. In my experience, the companies building in basements tend to be the ones that actually mean it. Three of Canada's four Quantum Champions (Xanadu, Photonic Inc., and Nord Quantique) just advanced to Stage B of DARPA's Quantum Benchmarking Initiative. DARPA doesn't fund roadmaps. They fund hardware they believe can reach utility scale. Canada put three companies through that filter. CEO Christian Weedbrook has been blunt: Xanadu is staying here. After D-Wave moved south in 2023, that commitment carries weight. Dual-listed on Nasdaq and TSX. Data centre in Toronto. Government money keeping the supply chain domestic. We've spent decades funding quantum research in this country. We're about to find out if we can build the thing too. Sorry about the amateur art, but I couldn't write about Xanadu without putting ONJ on roller skates. The 80s kid in me demanded it. #QuantumComputing #CanadianTech #DeepTech #PhotonsEh #whatsInYourBasement
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Rhonexum & Venture Kick Target Quantum Scalability Challenges in 2026 https://lnkd.in/eNa9XzHP Swiss startup Rhonexum raises $1M to tackle quantum computing's scalability challenges with cryogenic electronics, aiming for early customer rollout by late 2026. Read the full article on Business 2.0 News #rhonexum #venture #kick #target #quantum #scalability
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Éanna Kelly and I have teamed up once again to publish the latest in Sifted's series of market maps on Europe’s hottest sectors: this time, on quantum. Two of Europe’s leading contenders — IQM Quantum Computers and Pasqal, based in Finland and France respectively — surprised many by announcing plans to SPAC later this year, raising the question: is the SPAC back? The last wave didn’t go so well for deeptech companies. They’re just 2 of 16 European startups that have raised $10m to date building quantum computers — the most densely populated category in the market. But which approach will win out? For now, the field is finely balanced: superconducting, trapped ions, silicon and photonic approaches each have three companies apiece. Meanwhile, UK Chancellor Rt Hon Rachel Reeves, who last week announced up to £2bn in funding for the British quantum industry, will be encouraged to see the UK (14 companies) leading the pack ahead of France (10), Germany (8) and the Netherlands (8). Notable players include Quantinuum, Phasecraft, Riverlane and Nu Quantum. View the full market map here: https://lnkd.in/eKKQUb3f
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A few weeks ago at the TLV Spark Innovation Festival, our Application Team Lead Sheir Yarkoni presented on the co-design of Israel’s largest superconducting QPU during Qubit-IL's session (Qubit IL Israel's Quantum Tech Association). The talk highlights the importance of close collaboration between hardware and application teams when building scalable quantum systems, a key element in advancing practical quantum computing. Great to see this work shared with the broader innovation community. Watch the clip here: https://lnkd.in/d8DKnHFy #QuantumComputing #Innovation #TLVSpark #QuantumTechnology #QarakalQuantum
Sheir Yarkoni, Quantum Algorithms Team Lead, Qarakal Quantum, Innovative Israeli Quantum Startups
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Quantum is going public. Pasqal just announced €340M in new financing and plans for a Nasdaq and Euronext listing, valuing the company at around $2B, a major milestone for one of the world’s leading neutral-atom #quantum companies. This moment is bigger than a single company. It signals that neutral atom quantum computing is moving from breakthrough science to industrial scale, with the capital, infrastructure, and global partnerships to match. A special congratulations to Michelle Lampa for her leadership building Pasqal’s U.S. presence and helping translate world-class science into real market momentum. The quantum industry just took another big step forward. https://lnkd.in/eUdHTVni
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FUNDING WRAP UP AND UP AND UP Nearly $400M in funding. Simon Thomsen tells us all about Halter, Koala®. Silicon Quantum Computing, Cauldron Ferm (CEO Michele Stansfield pictured), Future Maintenance Technologies, Cuttable, Rumin8, Support Fusion and Scanabull in Startup Daily Read his report here - https://lnkd.in/dRfnD94p Halter is of course an Auckland based venture, but I'm told that claiming them as one of our own is the Aussie thing to do Craig Piggott Follow Software Australia IA today - Build an exceptional digital future
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🇫🇷 Paris-headquartered quantum computing startup Pasqal is going public via a SPAC merger at a $2bn pre-money valuation. The company, co-founded by Nobel Prize winner Alain Aspect, is merging with Bleichroeder Acquisition Corp II, with the deal expected to close in the second half of 2026. The combined entity will list on the US Nasdaq stock market, with a planned dual listing on Euronext. The deal could add more than $600m to Pasqal's coffers, marking the latest in a wave of quantum startups choosing the SPAC route to public markets, following similar moves by Xanadu Quantum Technologies and IQM. 🚀 Pasqal, founded in 2019, builds full-stack quantum processors using ordered neutral atoms in 2D and 3D arrays 🚀 The company employs 275 people and has already deployed quantum computers globally 🚀 Backed by Temasek, the EIC - European Innovation Council Fund and LG Electronics 🚀 Co-founded by Alain Aspect, who won the Nobel Prize in Physics in 2022 🚀 Michel Combes and Andrew Gundlach serve as co-sponsors of Bleichroeder Acquisition Corp II Strong momentum for CEO Wasiq Bokhari and the Pasqal team as they scale their neutral atom quantum computing technology. – 👀 Follow aulium for more insights and interviews on Innovation & Private Capital ☄️ aulium is made possible thanks to Influences LoanTube (FT1000 2026 Laureate) #quantumcomputing #spac #nasdaq #euronext #venturecapital #deeptech #innovation
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Yesterday, Quantinuum announced the establishment of a new R&D and Operations Centre in Singapore, marking its formal expansion into the country. This follows an agreement signed with Singapore's National Quantum Office in Nov 2025, which will see its Helios system deployed in Singapore this year. Quantinuum has also signed an MOU with Squareroot8 Technologies to explore novel quantum communication protocols and applications, and announced a collaboration which gives Entropica Labs access to its systems. https://lnkd.in/gV7vQ_cJ
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