Xanadu Nears CAD $390M Government Quantum Funding

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Xanadu Negotiates CAD $390 Million Government Support for Quantum Manufacturing in Canada

Toronto, ON, Canada - March 11, 2026 - Xanadu Quantum Technologies Inc., a leading photonic quantum computing company, has announced it is in negotiations with the Government of Canada and the Government of Ontario for substantial support for its "Project OPTIMISM." This initiative aims to establish advanced semiconductor and photonic manufacturing capabilities critical for the quantum technology supply chain within Canada.

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About Xanadu Quantum Technologies Ltd

Xanadu is a Canadian quantum computing company with the mission to build quantum computers that are useful and available to people everywhere. Founded in 2016, Xanadu has become one of the world’s leading quantum hardware and software companies. The company also leads the development of PennyLane, an open-source software library for quantum computing and application development. Visit xanadu.ai or follow us on X @XanaduAI.

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