Quantum Computing Company Photonic Raises $131M to Advance…

Team S · 2026-01-14T13:33:10.000Z

Photonic Inc., a Vancouver-based quantum computing startup developing distributed quantum systems and networking technology, has raised $131 million (C$180 million) in its latest financing round a major step toward scaling fault-tolerant quantum computing and accelerating commercialisation of its technology. The round was led by Planet First Partners, with new investments from Royal Bank of Canada (RBC) and TELUS Global Ventures, alongside continued support from existing backers including Microsoft and BCI. The C$180 million funding will be used to expand Photonic’s technical and business teams, advance key product milestones, and deepen customer and partner engagement as the company pushes its Entanglement First architecture which combines silicon-based qubits with native photonic connectivity to enable scalable, distributed quantum computing across global telecom infrastructure. Photonic has now raised a total of C$375 million to date as it works toward commercialising fault-tolerant quantum systems that could eventually address complex problems in areas such as materials science, advanced chemistry, energy and financial modelling. Investors note that photonic quantum architectures hold promise because they can potentially scale more efficiently and connect quantum nodes using existing fiber-optic networks, creating pathways for real-world distributed quantum networks that go beyond isolated, single-device systems. Participation by major financial and technology players in this round reflects growing confidence in Photonic’s design and roadmap for bringing practical quantum technologies closer to commercial reality. Photonic was founded in 2016 and has positioned itself as a leader in photonic quantum computing which uses particles of light (photons) and silicon spin qubits linked through fiber optics to pursue scalable, fault-tolerant architectures. Under the leadership of CEO Paul Terry, the company aims to broaden its global reach, foster strategic partnerships and accelerate the development of quantum platforms capable of solving industry-scale challenges. #Photonic #QuantumComputing #SeriesFunding #PlanetFirstPartners #Photonics #DistributedQuantum #QuantumTech #AIInfrastructure #Innovation #TechFunding #CommercialQuantum #SiliconQubits #TelecomIntegration #VentureCapital #StartupFunding #QuantumNetworks

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Quantum Computing Company Photonic Raises $131M to Advance… | Newnex