The Canadian quantum technology developer has published a long-term development strategy. Xanadu has presented a detailed roadmap of its projects. The company expects to achieve one thousand logical qubits by 2031. The plan includes a gradual transition to fully fault-tolerant computing. The company has also scheduled the construction of a large quantum data center. Xanadu plans to reach two hundred qubits by 2029. That figure will grow to five hundred units in 2030. These numbers are exclusively forward-looking technological targets set by the developers. The company has not yet achieved the stated high technical benchmarks.
The primary objective is to reduce ordinary photon losses. Photons are the main source of errors in the architecture. The company expects to bring the key loss metric down to one. Currently, that coefficient stands at 24.1. Xanadu's architecture uses a specialized combination of modern encoding methods. Developers apply GKP encoding and qLDPC codes for error correction. Improving photon characteristics will increase the reliability of the system's logical qubits. The company will reach the fault-tolerant computing milestone within the coming years. The target logical error rate will decrease by 2030.
The organization plans to build a dedicated qubit factory before 2027. A full-scale quantum data center will be operational in 2030. The photonic architecture is designed to operate at standard room temperature. The system will scale through interconnected modular solutions. Xanadu is betting on the production of advanced photonic components. The company uses standard silicon processes to manufacture chips. The organization is already constructing a large production facility in Toronto. The new site will span 158,000 square feet. The facility is intended for testing and integrating photonic chips.
In parallel, the company is actively developing the open-source PennyLane platform. This environment is designed for building quantum applications. More than 150 universities worldwide work with the platform. These institutions are located across 35 different countries. Fifty-one simulators and devices are accessible through a single API. Xanadu plans to monetize the ecosystem through corporate client training. The company will develop applied algorithms and cloud services. Sales of specialized hardware will also generate additional financial revenue. The total available funding has reached $686 million.
This figure includes $312 million in cash. The company has an available credit facility under its agreement with Yorkville Advisors. The Canadian government has confirmed $140 million in funding. The head of IBM also believes in a bright quantum future. Arvind Krishna expects growth in revenue from quantum computing. The corporation's profits will grow notably in 2029. Quantum technologies are gradually reaching the level of commercial application.