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Canada Commits CAD $195M ($140.2 M USD) to Xanadu for $893M ($642.2M USD) “Inception” Quantum Manufacturing Facility

Xanadu has signed a definitive agreement with the Government of Canada securing CAD $195 million ($140.2 million USD) in federal funding through the Strategic Response Fund, administered by ISED. The commitment anchors a broader CAD $893 million ($642.2 million USD) 'Inception' quantum manufacturing facility. The facility is intended to support Xanadu's photonic quantum computing hardware.

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