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Xanadu launches Aurora, a modular photonic quantum computer, and secures $302M from public listing to advance quantum tech.

Company Fundamentals
09 Apr 2026
GlobeNewsWire
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Bullish
pluang ai news

Xanadu Quantum Technologies announced its 2025 results, highlighting the launch of Aurora, the world's first modular, networked photonic quantum computer with real-time error correction. The company achieved significant technical milestones, including a 60% reduction in optical loss and demonstration of 12 logical qubits, advancing toward fault-tolerant quantum computing. After going public via a business combination with Crane Harbor Acquisition Corp., Xanadu raised $302 million, strengthening its capital to fund multi-year technology development and commercialization efforts. The company also secured up to $38 million in government funding and is negotiating up to CAD $390 million for advanced manufacturing infrastructure in Canada, positioning it for growth in quantum computing hardware and software.

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