Xanadu, which is trying to build a quantum computer using light particles to perform fast computations, had its round led by the Ontario Municipal Employees Retirement System. It’s also backed by Georgian Partners, Radical Ventures, Real Ventures, Silicon Valley Bank and Tim Draper, a billionaire who made early investments in Twitter and Skype. Xanadu is using the funding to commercialize its quantum technology. and from proof-of-concept projects with customers like the Bank of Montreal. It’s also offering software that allows customers to test quantum technology. (BetaKit)
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