Photonic Inc. (Series B)
Funding Details
Awarder
SemiNews
Date Award
January 1, 2026
Vertical
Quantum Computing
Premoney Valuation
$1,800,000,000
Valuation
$2,000,000,000
Funding Amount
$200,000,000
Company Info
Traction
Photonic is already delivering on commitments to customers, including as part of the Canadian Quantum Champions Program and Stage B of DARPA’s Quantum Benchmarking Initiative.
Organizations Involved
Planet First Partners, Microsoft, TELUS, Royal Bank of Canada, Business Development Bank of Canada, Export Development Canada, Bell Ventures
Market
Distributed Quantum Computing
Location
Vancouver, British Columbia, Canada
Coinvestors
Business Development Bank of Canada (BDC), Export Development Canada (EDC), Bell Ventures, Firgun Ventures, InBC Investment Corp., Mubadala Capital, Royal Bank of Canada (RBC), TELUS, British Columbia Investment Management Corporation (BCI), Microsoft
Company Description

Photonic Inc. is a leading quantum technology company developing commercial-scale quantum computers and quantum networks to address some of the world’s most pressing challenges in materials science, drug discovery, climate change, and security. The company’s approach unlocks performance at scale through unmatched distributed quantum computing capabilities.

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