PsiQuantum vs Xanadu
PsiQuantum
Building the world’s first useful quantum computers
628 employees · est. 2015 · Palo Alto, United States
Xanadu
Our mission: To build quantum computers that are useful and available to people everywhere
298 employees · est. 2016 · Toronto, Canada
PsiQuantum is the older company (2015 vs 2016); PsiQuantum is the larger of the two.
2 signals in the last 90 days
Side-by-Side Comparison
| Metric | PsiQuantum | Xanadu |
|---|---|---|
| Founded | ||
| Founded | 2015 older | 2016 |
| Headquarters | ||
| Headquarters | Palo Alto, United States | Toronto, Canada |
| Employees | ||
| Employees | 628 larger | 298 |
| Industry | ||
| Industry | Hardware, IT, Quantum | Big Data, Hardware, Quantum |
| Funding Stage | ||
| Funding Stage | Series E | Debt Financing |
| Total Funding | ||
| Total Funding | $2.98B | $289.15M |
| Funding Rounds | ||
| Funding Rounds | 9 | 11 |
| Services | ||
| Services | Development of Utility-Scale Quantum Computers, Quantum Software Development, Quantum Circuit Design, Consulting for Industrial Quantum Applications | Development of Quantum Computers, Quantum Software Tools, Quantum Algorithm Design, Photonic Quantum Solutions, Quantum Hardware Manufacturing |
| Target Customers | ||
| Target Customers | Quantum Algorithm Researchers, Healthcare and Oncology Researchers, Industrial and Technological Partners, Semiconductor Manufacturing Companies, Governmental Organizations | Quantum Researchers, Tech Companies, Industries with Complex Computational Needs, Automotive Partners, Chemical Industry |
| Taxonomy | ||
| Taxonomy | Quantum ComputingPhotonicsQuantum Error CorrectionSemiconductorsQuantum AlgorithmsQuantum Technology +9 | Quantum ComputingPhotonic Quantum HardwareQuantum Machine LearningFull-stack Quantum SolutionsPennyLaneOpen-source Quantum Software +6 |
| Website | ||
| Website | psiquantum.com | xanadu.ai |
About PsiQuantum
PsiQuantum, founded in 2015, stands at the forefront of revolutionary technological development, aiming to build the world’s first useful quantum computers. Their slogan, "Building the world’s first useful quantum computers," reflects their ambitious mission. Grounded in the belief that photonics is...
About Xanadu
Xanadu, founded in 2016 and headquartered in Canada, is a leading player in the quantum technology landscape, focusing on building accessible quantum computers worldwide. The company's mission, "Our mission: To build quantum computers that are useful and available to people everywhere," highlights...
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Compiled from the BounceWatch company index. We last looked at PsiQuantum on 8 Apr 2026, and Xanadu on 8 Dec 2025. Where a field is blank here, it means we have not recorded it — not that the answer is zero. How we source and date this.
