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Xanadu Quantum Technologies Raises $302 Million for Data Center

3/28/2026

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Summary

Story summary

Xanadu Quantum Technologies Ltd. raised US$302 million through a public offering to fund a quantum computer data center by 2030.
Xanadu's stock closed at US$11.50 on Nasdaq, and the company has a market capitalization above US$3.4 billion.
CEO Christian Weedbrook emphasized Xanadu's use of light for quantum calculations, an approach he says simplifies development.
Xanadu competes with Alphabet Inc. and IBM in the global quantum race.

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Story summary

Xanadu Quantum Technologies Ltd. raised US$302 million through a public offering to fund a quantum computer data center by 2030.
Xanadu's stock closed at US$11.50 on Nasdaq, and the company has a market capitalization above US$3.4 billion.
CEO Christian Weedbrook emphasized Xanadu's use of light for quantum calculations, an approach he says simplifies development.
Xanadu competes with Alphabet Inc. and IBM in the global quantum race.