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DARPA Advances Three Quantum Firms to Stage B of Benchmarking Initiative
Three Canadian quantum firms have advanced to DARPA’s Stage B, undergoing a year-long review to assess plans for building practical, utility-scale quantum computers.
- Toronto-Based Xanadu Quantum Technologies Inc. advanced to Stage B of DARPA's Quantum Benchmarking Initiative, joining 10 other companies that cleared the initial six-month stage.
- DARPA's QBI aims to identify which quantum approaches can reach utility-scale, and Stage B involves a year-long review of R&D, scaling, and cost-control plans to assess risks.
- Xanadu's photonic architecture operates at room temperature with enhanced connectivity, and during Stage B they will present plans detailing risks and mitigation for a fault-tolerant quantum computer.
- Participants in Stage B are eligible for up to US$15-million, while Xanadu’s Crane Harbor Acquisition Corp business combination is expected to provide US$500 million gross proceeds.
- Advancement places Xanadu among a select group demonstrating credible paths to utility-scale quantum computing amid soaring investor interest after recent technical breakthroughs.
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Leaning Left5Leaning Right11Center23Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
13%
C 59%
R 28%
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