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Xanadu Quantum Technologies Secures $23M Boost for Growth

12/20/2025

Summary

Story summary

Xanadu Quantum Technologies, founded by Christian Weedbrook, is among four recipients of up to $23 million under Canada's Quantum Champions Program.
The program aims to strengthen Canada's quantum computing sector with $334 million.
Other recipients are Anyon Systems, Nord Quantique, and Photonic.
Xanadu is set to become the first publicly traded pure-play quantum company.
Investors may consider Alphabet, IBM, and Microsoft, which are heavily invested in quantum technology.

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Story summary

Xanadu Quantum Technologies, founded by Christian Weedbrook, is among four recipients of up to $23 million under Canada's Quantum Champions Program.
The program aims to strengthen Canada's quantum computing sector with $334 million.
Other recipients are Anyon Systems, Nord Quantique, and Photonic.
Xanadu is set to become the first publicly traded pure-play quantum company.
Investors may consider Alphabet, IBM, and Microsoft, which are heavily invested in quantum technology.