Xanadu Announces Negotiations Toward Up to CAD $390 Million in Support From the Governments of Canada and Ontario to Advance Quantum Manufacturing

Xanadu reveals government funding talks in effort to woo investors to support SPAC deal

Quantum computer developer says it is negotiating with Ontario, federal governments to secure up to $390-million

Xanadu Announces Negotiations Toward Up to CAD $390 Million in Support from the Governments of Canada and Ontario to Advance Quantum Manufacturing

TORONTO, March 11, 2026 (GLOBE NEWSWIRE) -- Xanadu Quantum Technologies Inc. (“Xanadu”), a leading photonic quantum computing company, today announced...

Xanadu in talks with government over potential $390 million for domestic quantum manufacturing

As it prepares to go public, Toronto-based quantum computing firm Xanadu could get as much as $390 million in government support for a major new quantum project. Project OPTIMISM would “significantly advance” Xanadu’s roadmap toward “utility-scale” quantum computing. Xanadu announced on Wednesday afternoon that it is negotiating with the Government of Canada and the Government of Ontario to support what it called Project OPTIMISM. Xanadu said t…