Photonic Raises $130M to Advance Distributed Quantum Computing


Photonic Raises $130M to Advance Distributed Quantum Computing

📅 - Photonic, a company focused on building distributed quantum computing systems, has secured CAD $180 million (approximately USD $130 million) in the first close of its latest financing round, signaling continued momentum in the race to commercialize fault-tolerant quantum technology.

The investment brings Photonic's total funding to CAD $375 million (USD $271 million) and reflects growing confidence among both financial and strategic investors in the company's technical roadmap and market potential.

The funding round was led by Planet First Partners, with new participation from Royal Bank of Canada (RBC), TELUS, and additional undisclosed investors. Existing backers, including the British [...][... Check source for end of article ...]
Tags: Quantum Computing

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