Photonic has raised $180 million in the first close of a new funding round, advancing its bid to commercialize distributed quantum computing. The round was led by Planet First Partners, with new backing from RBC and TELUS and continued support from BCI and Microsoft, bringing total funding to $375 million.
Photonic’s Entanglement First™ Architecture combines silicon qubits and photonic networking to enable scalable, fault-tolerant systems. The capital will fund product milestones, hiring, and partnerships. CEO Paul Terry cited growing confidence across finance, telecom, and sustainability. The Coquitlam firm also joined Canada’s Quantum Champions Program.
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