Quantum computing startup Xanadu receives $40 million in federal funding: Globe and Mail
Published: January 26, 2023
Xanadu Quantum Technologies, founded by former University of Toronto post-doctoral physics researcher Christian Weedbrook, has to support its leading quantum computing technology, .
Prime Minister Justin Trudeau recently visited the Toronto startups headquarters to announce the investment through the federal Strategic Investment Fund, to allow Xanadu to build and commercialize the worlds first photonic-based, fault-tolerant quantum computer.
Whats happening here is cutting edge not just in Canada, but around the world, said Trudeau, whose government has pledged to spend $360 million in a national strategy to advance quantum technologies.
Xanadu, an alumnus of the seed-stage accelerator at 做厙TVs Rotman School of Management, revealed last year that its system, called Borealis, had achieved quantum advantage by solving in 36 millionths of a second a specific math problem that would take some 9,000 years for the worlds most powerful supercomputers to complete.
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