COMPANIES · QUANTUM COMPUTING

Xanadu

Xanadu develops photonic quantum computers, which use particles of light and are designed to run at room temperature, and maintains PennyLane, a widely used open-source quantum programming platform; it went public in 2026 through a merger with Crane Harbor Acquisition Corp.

AI-adjacentQuantum computing
What it does

Xanadu develops photonic quantum computers, which use particles of light and are designed to run at room temperature, and maintains PennyLane, a widely used open-source quantum programming platform; it went public in 2026 through a merger with Crane Harbor Acquisition Corp.

Why it matters

Xanadu is not an AI company; it appears on an AI map because quantum machines are being built to work alongside classical CPU/GPU computing (it co-launched AMD's Backline quantum-classical interconnect) and draw on the same chip supply chain (a lithography collaboration with ASML), and because it is a QTUM ETF holding.

How it makes money

Earns revenue from quantum hardware and software development contracts, research partnerships and government-funded programs; revenue is still small.

Geography

Canada (Toronto)

AI stack position

Quantum computing. Companies building quantum computers, quantum networking and quantum-safe security. Quantum machines are not AI systems, and most of these companies earn little revenue today; they are on this map because quantum computing is widely pursued as the next kind of computing after today's chips, and because several of them already work with the chip, cloud and AI companies elsewhere on the map. Open the quantum lens.

Same-layer peers

Same-layer peers share an editorial stack classification; that alone does not establish direct competition.

Connections (3)

Every connection below is tied to a readable source, date, classification and statement of its limits. A company source establishes what that company stated; it does not necessarily provide independent confirmation.

Dated or announced (3)

Xanadu co-launched Backline quantum-classical interconnect with AMD
Co-develops withDated / announced
Xanadu and AMD jointly launched Backline, an open platform for ultra-low-latency communication between quantum and classical computing hardware, with an AMD vice president quoted.

Source: 2026-09-10 · reviewed 2026-10-02

Evidence: Primary-source statement · Announced; not confirmed operating

Limits: Launch announcement; does not establish customer adoption, revenue, funding split or exclusivity.

Xanadu and AMD launch Backline to streamline CPU, GPU, FPGA integration for quantum technology ↗
Xanadu collaborates on photonic-chip lithography with ASML
Co-develops withDated / announced
Xanadu and ASML announced a collaboration to develop lithography processes that reduce optical losses in photonic quantum chips, with an ASML senior vice president quoted.

Source: 2026-09-09 · reviewed 2026-10-02

Evidence: Primary-source statement · Announced; not confirmed operating

Limits: Announcement of a research collaboration; no financial terms disclosed; does not establish equipment purchases, results or timelines.

Xanadu and ASML Announce Collaboration to Advance Lithography for Photonic Quantum Hardware ↗
Xanadu names as a strategic partner Lockheed Martin
Partners withDated / announced
Xanadu's Q1 2026 results release lists Lockheed Martin among strategic partners supporting its commercialization efforts.

Source: 2026-05-14 · reviewed 2026-10-02

Evidence: Primary-source statement · Stated partnership; scope not described

Limits: Xanadu's own one-line mention; does not describe the work, value or duration, and is not confirmed by Lockheed Martin in this source.

Xanadu Announces First Quarter 2026 Results ↗
Evidence for this profile

Xanadu Announces First Quarter 2026 Results ↗
Reviewed

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Inclusion in this database is not an endorsement of a company or its securities. Nothing here is a recommendation to buy or sell anything, and none of it is individualized investment advice. See the disclosures. Data: AI Map v3.25.9, released .