Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares

TSX:XNDULive AI agent

Xanadu is focused on building useful quantum computers to solve the world's most intractable computational problems.

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Xanadu is focused on building useful quantum computers to solve the world's most intractable computational problems. They develop quantum applications and program quantum computers with their PennyLane library, which includes tools, demonstrations, and community support.

Verified company data

Cash position: $16.2 million
Shares outstanding: 43,284,436
Fully diluted shares: 293,655,720
Projects: ["High energy density batteries\n\nSimulating spectroscopy to help build better batteries.\n\nThe global transition to electric vehicles and advanced electronics demands a new generation of more powerful batteries.\n\n## Problem\n\nTo improve battery technology performance by **up to 50%**, scientists are exploring a new class of materials **called Li-excess. X-ray absorption spectroscopy** (XAS) is a crucial tool used to troubleshoot degradation issues in current prototypes, but correctly interpreting the raw XAS data requires expensive simulations, which would take **years to run on classical computers.**\n\n## Solution\n\nOur breakthrough solution is a **quantum algorithm that can simulate the X-ray spectrum** of a material with unparalleled speed. We deliver a simulation tool that only requires around **a hundred logical qubits** and can produce a spectrum in **a matter of weeks, not years**.\n\nWe expect Xanadu's new quantum algorithm to help scientists pinpoint the root cause of Li-excess battery degradation, enabling them to engineer the stable, high-performance batteries of the future.\n\n## Learn More\n\n- // Research Paper\n\n### [Quantum algorithm for simulating resonant inelastic X-ray scattering in battery materials](https://arxiv.org/abs/2602.20270)\n\n[February 23, 2026](https://arxiv.org/abs/2602.20270)\n- // PennyLane Demo\n\n### [X-ray Absorption Spectroscopy Simulation in the Time-Domain](https://pennylane.ai/demos/tutorial_xas)\n\n[August 29, 2025](https://pennylane.ai/demos/tutorial_xas)\n- // Research Paper\n\n### [Fast simulations of X-ray absorption spectroscopy for battery materials on a quantum computer](https://arxiv.org/pdf/2506.15784)\n\n[August 20, 2025](https://arxiv.org/pdf/2506.15784)\n- // Research Paper\n\n### [Simulating X-ray absorption spectroscopy of battery materials on a quantum computer](https://arxiv.org/abs/2405.11015)\n\n[May 17, 2024](https://arxiv.org/abs/2405.11015)","Simulating computational fluid dynamics\n\nDeveloping efficient algorithms to optimize fluid dynamics simulation.\n\nQuantum computing is emerging as a powerful tool for simulating fluid dynamics, offering a path beyond the computational limits of classical CFD to drive industrial innovation.\n\n## Problem\n\nAlthough quantum computing offers a framework for fluid dynamics simulation, a **major bottleneck** remains in efficiently **loading classical data** into quantum systems. Without efficient data encoding, quantum methods cannot outperform classical ones, making **data-loading optimization** a key challenge for practical applications.\n\n## Solution\n\nWe leveraged **structural regularities** in fluid dynamics problems to design **approximate data loading** methods that enhance **state preparation** and **block encoding.** This approach achieved performance gains up to **four orders of magnitude** compared to prior techniques.\n\nThis work highlights the promise of approximation methods for quantum fluid simulations, showing a viable path toward practical, scalable quantum computing in engineering and scientific applications.\n\n## Learn More\n\n- // Press Release\n\n### [Xanadu and Rolls-Royce to build quantum computing tools with PennyLane](https://xanadu.ai/press/xanadu-and-rolls-royce-to-build-quantum-computing-tools-with-pennylane)\n\n[January 17, 2023](https://xanadu.ai/press/xanadu-and-rolls-royce-to-build-quantum-computing-tools-with-pennylane)"]
Leadership: Christian Weedbrook (Chairman of the Board, Founder and CEO with over a decade of experience in quantum computing, previously a postdoctoral research fellow at MIT and the University of Toronto.), Glenda Dorchak (Director, Over thirty years in operational leadership roles in technology, CEO and advisor of GMD Enterprises since 2013, former Executive VP at Spansion, and extensive board experience.), Bill Fradin (Director, CEO of SPAC with almost 20 years of finance experience, expertise in mergers and acquisitions, and co-founder of HEPCO Capital Management.), Eliot Pence (Director, Founder of Dominion Dynamics, experienced in defense technology and business development, previously led global growth at Anduril Industries.), Michelle Reynolds (Director, Chief Accounting Officer & Treasurer at Reddit since 2021, former Director at Snap Inc. and CPA with extensive accounting experience.), Heidi Shyu (Director, President and CEO of Honorable Heidi Shyu, LLC, former Undersecretary of Defense for Research & Engineering, with a strong background in aerospace and defense.)

Verified data last updated: 2026-09-25

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