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Photonic Inc. Closes Investment Round with over $200M USD ($275M CAD)
Photonic Inc., a global leader in distributed quantum computing, today announced the final close of over $200M USD ($275M CAD) in investment, giving the company a $2B USD ($2.7B CAD) post-money valuation.
The round, led by Planet First Partners, a UK-based sustainable technology growth equity firm, brings total capital raised by Photonic to over $350M USD ($475M CAD). This round adds new investors Business Development Bank of Canada (BDC), Export Development Canada (EDC), Bell Ventures, Firgun Ventures, InBC Investment Corp. and existing investor Mubadala Capital.
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