Xanadu gets provisional DARPA approval for up to $10M contract

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Go back to Xanadu gets provisional DARPA approval for up to $10M contract

Xanadu Secures Up to USD $10 Million in Additional DARPA Support to Accelerate Quantum R&D Roadmap

October 19, 2026 7:00 AM EDT

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 DARPAs Quantum Benchmarking Initiative (QBI). This one-year contract extension reflects DARPA's ongoing support and investment in Xanadus R&D, and builds on the companys work in Stage B.

DARPAs QBI program evaluates... More