News and Events
Featured
Photonic Raises $180M CAD ($130M USD)
to Accelerate Quantum Computing and Networking
Photonic Inc., a global leader in distributed quantum computing, announced today that it has raised $180M CAD ($130M USD) in the first close of its latest investment round, led by Planet First Partners, with participation from new investors Royal Bank of Canada (RBC), TELUS, and others. This significant raise underscores strong investor confidence and the company’s rapid growth. Existing investors – including BCI and Microsoft – also returned for this round, bringing the total raised by the company to $375M CAD ($271M USD).
In the News
Photonic’s Stephanie Simmons has been selected as Maclean’s 2025 Nation Maker
Publication: Maclean's
Sep 15, 2025
In the News
How Canada became a world leader in quantum tech, one of the most promising and potentially terrifying technologies of the future
Publication: The Globe and Mail
Sep 12, 2025
In the News
Federal challenge grants Photonic and Xanadu funding to advance quantum defence tech projects
Publication: BetaKit
Aug 25, 2025