Xanadu Receives $4.4M Investment to Advance its Photonic Quantum Computing Technology – HPCwire

TORONTO,Jan. 16, 2020 Xanadu, a Canadian quantum hardware and technology company has received a$4.4 millioninvestment from Sustainable Development Technology Canada (SDTC). The investment will expedite the development of Xanadus photonic quantum computers and make them available over the cloud. This project will also further the companys overall progress towards the construction of energy-efficient universal quantum computers.

Canadian cleantech entrepreneurs are tackling problems acrossCanadaand in every sector. I have never been more positive about the future. The quantum hardware technology that Xanadu is building will develop quantum computers with the ability to solve extremely challenging computational problems, completing chemical calculations in minutes which would otherwise require a million CPUs in a data center, saidLeah Lawrence, President and CEO, Sustainable Development Technology Canada.

Despite efforts to improve the power efficiency of traditional computing methods, the rapid growth of data centres and cloud computing presents a major source of new electricity consumption. In comparison to classical computing, quantum computing systems have the benefit of performing certain tasks and algorithms at an unprecedented rate. This will ultimately reduce the requirements for electrical power and the accompanying air and water emissions associated with electricity production.

Xanadu is developing a unique type of quantum computer, based on photonic technology, which is inherently more power-efficient than electronics. Xanadus photonic approach uses laser light to carry information through optical chips, rather than the electrons or ions used by their competitors. By using photonic technology, Xanadus quantum computers will one day have the ability to perform calculations at room temperature, and eliminate the bulky and power-hungry cooling systems required by most other types of quantum computers.

The project will be undertaken by Xanadus team of in-house scientists, with collaboration from theUniversity of Torontoand Swiftride. The project will be carried out over three years and will encompass the development of Xanadus architecture, hardware, software and client interfaces with the overall goal of expediting the development of the companys technology, and demonstrating the practical benefits of quantum computing for users and customers by the end of 2022.

We are thrilled by the recognition and support that we are receiving from SDTC for the development of our technology. We firmly believe that our unique, photonic-based approach to quantum computing will deliver both valuable insights and tangible environmental benefits for our customers and partners, said Christian Weedbrook, CEO of Xanadu.

About Xanadu

Xanadu is a photonic quantum hardware company. We build integrated photonic chips that can be used in quantum computing, communication and sensing systems. The companys mission is to build quantum computers that are useful and available to people everywhere, visit http://www.xanadu.aior follow us on Twitter@XanaduAI.

About SDTC

Sustainable Development Technology Canada (SDTC) is a foundation created by the Government ofCanadato advance clean technology innovation inCanada by funding and supporting small and medium-sized enterprises developing and demonstrating clean technology solutions. Follow Sustainable Development Technology Canada on Twitter: @SDTC

Source: Xanadu

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Xanadu Receives $4.4M Investment to Advance its Photonic Quantum Computing Technology - HPCwire