Xanadu
Founded Year
2016Stage
Grant - IV | AliveTotal Raised
$267.08MValuation
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-42 points in the past 30 days
About Xanadu
Xanadu provides a quantum photonic platform. Its platform uses artificial intelligence to integrate quantum silicon photonic chips into existing hardware to build a full-stack quantum computer. It enables clients to receive a quantum technology-based computing facility using a photonic cluster state technology and easily solve business problems. The company was founded in 2016 and is based in Toronto, Canada.
Loading...
ESPs containing Xanadu
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The quantum computer makers — photonics market refers to the segment of the quantum computing industry that focuses on using light's quantum properties to build quantum processors. Proponents of this approach say it offers a quick way to scale up the number of qubits available — a rough proxy for overall quantum computing power and commercial usefulness.
Xanadu named as Leader among 7 other companies, including PsiQuantum, Photonic, and ORCA Computing.
Loading...
Research containing Xanadu
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Xanadu in 7 CB Insights research briefs, most recently on Sep 13, 2024.
Sep 13, 2024
The AI computing hardware market mapNov 3, 2021
Is Quantum Computing The Next Banking Arms Race?Expert Collections containing Xanadu
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Xanadu is included in 8 Expert Collections, including Quantum Tech.
Quantum Tech
595 items
This Expert Collection contains private and recently exited companies working on quantum computing, quantum communication, post-quantum cryptography, quantum sensors, and other quantum tech.
Unicorns- Billion Dollar Startups
1,244 items
Game Changers 2018
36 items
Our selected startups are high-momentum companies pioneering technology with the potential to transform society and economies for the better.
Artificial Intelligence
14,767 items
Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.
AI 100
200 items
The winners of the 4th annual CB Insights AI 100.
Conference Exhibitors
5,302 items
Xanadu Patents
Xanadu has filed 38 patents.
The 3 most popular patent topics include:
- quantum mechanics
- quantum information science
- quantum computing
Application Date | Grant Date | Title | Related Topics | Status |
---|---|---|---|---|
1/23/2023 | 7/9/2024 | Quantum information science, Artificial neural networks, Machine learning, Quantum mechanics, Quantum computing | Grant |
Application Date | 1/23/2023 |
---|---|
Grant Date | 7/9/2024 |
Title | |
Related Topics | Quantum information science, Artificial neural networks, Machine learning, Quantum mechanics, Quantum computing |
Status | Grant |
Latest Xanadu News
Sep 10, 2024
News Artificial IntelligenceITSMServiceNow The latest release of ServiceNow’s flagship offering features ServiceNow AI Agents for customer service management and ITSM in a bid to inject intelligence into enterprise workflows. Credit: Sundry Photography / Shutterstock ServiceNow’s latest Now Platform release, dubbed Xanadu, adds a host of new features, including ServiceNow AI Agents, which the company heralds as “a new era of collaboration between people and AI.” Taking center stage in Tuesday’s release are ServiceNow ’s plans to integrate “ agentic AI ” — AI systems that can autonomously perform tasks and make decisions on their own within set parameters — into its enterprise service management platform. The first ServiceNow AI Agents, which the company says will be available in November, will be customer service management (CSM) AI agents and IT service management (ITSM) AI agents. These AI agents will use advanced reasoning, supported by cross-enterprise data from the Now Platform, to provide “deep contextual comprehension,” reducing mean-time-to resolution. ServiceNow stressed that humans will still be in the loop for oversight and governance, adding that autonomous agents will subsequently be rolled out to support use cases across IT, customer service, procurement, HR, software development, and more. “With ServiceNow AI Agents, we are announcing our vision to leverage AI agents that can understand the environment, tap into all available data across the enterprise, and use that data to make decisions and act,” said Dorit Zilbershot, VP of product management for AI at ServiceNow. “ServiceNow agents will unlock 24/7 productivity across hundreds of tools, unique use cases, and gen AI skills.” ServiceNow said its first use cases, CSM AI agents and ITSM AI agents, will deliver a boost to live agent productivity, helping them solve employee and customer issues by comprehending context, creating a step-by-step process for resolution, and executing on that plan with approvals from live agents where needed. The company’s vision is one in which humans act as skilled administrators of a team of ServiceNow AI Agents that can manage multiple concurrent tasks and end-to-end workflows. Generative AI, data enhancements To support the release, ServiceNow also announced the general availability of Now Assist Skill Kit, which empowers organizations to create custom generative AI skills for their specific business needs. With the Skill Kit, customers can build, test, and deploy gen AI skills and their underlying prompts, select models, and assign the skills to applications, connecting to data and knowledge within the Now Platform for context. In addition to AI Agents, Xanadu adds more than 350 out-of-the-box gen AI capabilities to Now Assist , including data visualization generation, chat- and email-reply generation, change summaries, and LLM-based proactive prompts in Virtual Agent. It has added Now Assist for Security Operations (SecOps) and Now Assist for Sourcing and Procurement Operations. Now Assist for SecOps promises to boost response times to security threats by transferring interactions with AI-driven incident summarizations and interactive Q&A to SecOps teams. Now Assist for Sourcing and Procurement Operations supports the procurement intake process, allowing employees to initiate a procurement request or access information through a conversational prompt rather than navigating complex systems. ServiceNow also said Now Assist integration with Copilot for Microsoft 365 is now generally available, allowing Copilot to now hand off automated self-service tasks (like ordering a new computer or inquiring about company policies) to Now Assist in Microsoft Teams. To support all this, ServiceNow has made data enhancements to the Now Platform itself. The cornerstone of these enhancements is the inclusion of the RaptorDB Pro high-performance database in the platform’s data layer. ServiceNow says it provides a 53% improvement in overall transaction times and a 3X increase in transactional throughput across workflows, enabling more users and more workflows on ServiceNow instances. “Three times more transactional throughput. That means more and more services can be put onto the platform, and more and more departments can be brought into the fold to take advantage of this amazing technology,” said Heath Ramsey, VP of outbound product management at ServiceNow. Other Xanadu additions include an integrated development environment (IDE); enhanced automation capabilities to streamline application management, issue resolution, and operations; and a guided self-service capability in Employee Center. Related content
Xanadu Frequently Asked Questions (FAQ)
When was Xanadu founded?
Xanadu was founded in 2016.
Where is Xanadu's headquarters?
Xanadu's headquarters is located at 777 Bay Street, Toronto.
What is Xanadu's latest funding round?
Xanadu's latest funding round is Grant - IV.
How much did Xanadu raise?
Xanadu raised a total of $267.08M.
Who are the investors of Xanadu?
Investors of Xanadu include Innovate UK, National Research Council of Canada Industrial Research Assistance, FedDev Ontario’s Regional Quantum Initiative, Government of Canada, Radical Ventures and 21 more.
Who are Xanadu's competitors?
Competitors of Xanadu include Quantum Source, QuiX Quantum, Pasqal, PsiQuantum, Quandela and 7 more.
Loading...
Compare Xanadu to Competitors
PsiQuantum is a quantum computing company focused on developing a commercially useful quantum computer for various sectors. The company's main offering is a photonics-based quantum computer architecture designed for fault tolerance and scalability, utilizing conventional silicon chip foundries for manufacturing. PsiQuantum's technology aims to provide concrete solutions to complex computational problems in industries such as climate tech, energy, pharma, defense, and financial services. It was founded in 2015 and is based in Palo Alto, California.
ORCA Computing provides a full-stack photonic quantum computing system to address applications of scientific and economic importance. Its processor and architecture use photonics connectivity to explore the performance and scale of quantum computing. It was founded in 2019 and is based in London, United Kingdom.
QuiX Quantum specializes in photonic quantum computing and operates in the quantum computing hardware sector. The company offers photonic quantum computing solutions that utilize light particles for information processing, and its products include a universal quantum computer, a special-purpose quantum computer, and a quantum photonic processor. It primarily serves the supercomputer industry. The company was founded in 2019 and is based in Enschede, Netherlands.
Photonic specializes in quantum computing and networking technologies within the quantum technology sector. The company's main offerings include a quantum computing platform that utilizes the memory and computing capabilities of spins and the connectivity of photonics, industry-specific quantum algorithms, and quantum networking services. Photonic's technology primarily serves governments, academia, and corporations across various industries seeking to harness the power of quantum computing. It was founded in 2016 and is based in Coquitlam, Canada.
Q.ANT is a company that specializes in industrial quantum technology and photonics solutions. The company's main offerings include quantum computing and quantum sensing services, as well as photonics-based data generation and processing solutions. These services primarily cater to sectors that require advanced data generation, data security, and data processing technologies. It was founded in 2018 and is based in Stuttgart, Germany.
QC82 is a company focused on quantum computing within the technology industry. The company's main offering is the development of room-temperature photonic chips for scalable universal quantum computing, which are designed to make quantum computing more practical and accessible. It was founded in 2020 and is based in College Park, Maryland.
Loading...