Photonic Inc., a Vancouver, BC, Canada-based company building s scalable, fault-tolerant, and unified quantum computing and networking platform based on photonically linked silicon spin qubits, raised an investment round of $100M USD.
Backers included:
- British Columbia Investment Management Corporation (BCI),
- Microsoft Corporation,
- UK government’s National Security Strategic Investment Fund (NSSIF),
- Inovia Capital, and
- Amadeus Capital Partners.
This brings the company’s total funding raised to date to $140M USD.
Led by Paul Terry, Chief Executive Officer, Photonic is making fault-tolerant quantum technologies a reality with its silicon spin-photon interface. The technology leverages the memory and computing capabilities of spins and the connectivity of photonics to build a scalable, fault-tolerant, and networked quantum computer. The company has over 120 employees with a head office in Canada and has recently opened offices in the United Kingdom and the United States.
FinSMEs
08/11/2023