Photonic Inc. Secures $180M CAD to Advance Quantum Computing Development
Photonic Inc. has secured $180M CAD in funding, led by Planet First Partners and supported by investors like Royal Bank of Canada and TELUS, bringing its total funding to $375M CAD. The Vancouver-based company aims to advance fault-tolerant quantum systems using its Entanglement First Architecture, focusing on silicon-based qubits and photonic connectivity. This investment will facilitate product commercialization, team growth, and customer engagement, with potential applications in clean energy, materials, and health.
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Photonic Inc., based in Vancouver, has raised $180M CAD in its latest investment round, led by Planet First Partners and including participation from Royal Bank of Canada, TELUS, and others. This funding increases the company's total to $375M CAD, reflecting strong investor confidence.
Photonic aims to accelerate the development of fault-tolerant quantum systems through its Entanglement First Architecture, which utilizes silicon-based qubits and photonic connectivity. The new capital will support product commercialization, team expansion, and enhanced customer engagement. The company's approach is expected to enable advancements in clean energy, materials, and health, contributing to climate solutions.
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