Photonic Inc., a British Columbia-based company developing distributed quantum computing technologies, has secured $180 million CAD, or approximately $130 million USD, in a funding round led by Planet First Partners, with participation from the Royal Bank of Canada, TELUS, BCI, Microsoft and other investors.
Photonic is focused on building fault-tolerant quantum systems with its Entanglement First Architecture, which integrates silicon-based qubits with native photonic connectivity to scale across existing global telecom networks, enabling more practical and widespread quantum computing.
According to a company statement released Tuesday, the new funds will primarily support commercialization efforts and the growth of both technical and business teams.
“Photonic’s game‑changing approach to deliver on the decades‑old promises of quantum computing continues to be fueled by committed investors and best‑in‑class employees. This funding round attracted not only new financial investors but also partners from sectors poised to be transformed by quantum technology — including sustainability, telecommunications, finance and security,” Paul Terry, CEO of Photonic, said in a statement.
