Quantum computing in the cloud - Xanadu discovered in Toronto

Moore's Law may not be sufficient when it comes to processing power. Some believe that computers are not getting faster fast enough for the emerging tasks that are expected of them, whether it's crunching vast data sets or looking for probabilistic connections within much smaller ones. In areas such as drug discovery, particle physics, genomics, and materials research, quantum computing is increasingly proposed as a better model for the IT industry, alongside related quantum technologies such as timing, imaging, sensing, communications, and security. Yet all these are hard tech, which demands patient capital: long-term, speculative investment coupled with an appetite for risk and uncertain reward. Canada isn't the first country that springs to mind as a potential leader in this space alongside the likes of the US, China, and the UK, but Toronto-based 2016 startup Xanadu aims to change that.