The Financial Post reports in its Tuesday edition that Xanadu Quantum Technologies, based in Toronto, is merging with Crane Harbor Acquisition to go public, valuing the start-up at $3.6-billion (all figures U.S.). The Post's Yvonne Lau writes that the new entity will be listed on the Nasdaq and Toronto stock exchanges. Xanadu chief executive officer Christian Weedbrook says, "Today marks a transformative milestone for quantum computing as we bring the leading photonic quantum platform to the public markets." Investor interest in quantum computing has soared in recent months, boosted by endorsements from tech bigwigs including Nvidia CEO Jensen Huang, who said in June that the technology is reaching an "inflection point." Public and private investments in the sector reached a record $6-billion this year. Xanadu said that its proposed deal will raise $500-million, including $275-million from new private investors including BMO Global Asset Management, CIBC Asset Management and California chipmaker Advanced Micro Devices, also known as AMD. Its existing investors include the Government of Canada and venture capital firms Bessemer Venture Partners Trust, Georgian Partners Growth and Radical Ventures Investments.