Xanadu Brings Advantage to the Cloud

Xanadu, a Canadian based full-stack quantum computing company focusing on photonics, has officially become the first company to release a photonic quantum computer capable of computational advantage to the cloud for public use. Borealis, the quantum computer, is able to achieve computational advantage by incorporating full programmability into all of its quantum gates. Its design incorporates 216 squeezed-state bits, entangled in three dimensions based on user programming. With Borealis now fully available on Xanadu Cloud and Amazon Braket, Xanadu continues to further their mission of making quantum computers available to people everywhere. 

The timing of their historic achievement comes right as they’re raising another $100 million in a new round of funding that would put their valuation at $1 billion. Xanadu may have the edge in being the first to deploy this type of quantum computer on a public cloud, but according to Patent Forecast they only have 12 patent assets. PsiQuantum, a leading developer in photonic quantum computing has 89 patent assets. As Xanadu continues to make strides in the quantum computing sector, they are going to have increase the size of their IP portfolio either by acquiring smaller photonic quantum computing companies such as Miraex, a company offering photonic and quantum full-stack solutions, or consider merging with other quantum computing companies that develop hybrid-classical cloud deployable quantum solutions such as Zapata Computing, which has 28 patent assets. Xanadus’ next steps will depend on how PsiQuantum reacts to their achievement and how much funding this new round will secure. 

Stay tuned to the Patent Forecast for more updates on the state of Quantum Computing.