Xanadu Secures Up to USD $10 Million in Additional DARPA Support to Accelerate Quantum R&D Roadmap
Source: The Manila times
Published on: 2026-10-19 11:09
Continued DARPA investment reinforces Xanadu's progress toward fault-tolerant, utility-scale photonic quantum computing TORONTO, Oct. 19, 2026 (GLOBE NEWSWIRE) -- Xanadu Quantum Technologies Limited ("Xanadu"; NASDAQ/TSX: XNDU), a leading photonic quantum computing company, today announced that it has received provisional approval for project funding worth up to USD $10 million under DARPA's Quantum Benchmarking Initiative (QBI). This one-year contract extension reflects DARPA's ongoing support and investment in Xanadu's R&D, and builds on the company's work in Stage B. DARPA's QBI program evaluates leading quantum computing architectures to determine which approaches can deliver utility-scale performance within realistic budgets and real-world timelines. Under this contract, Xanadu expects to execute a dual-purpose strategy over the next 12 months; providing regular progress reports t...
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