Canadian quantum computing company raises $180 million from investors including RBC, Telus [Yahoo! Finance Canada]
Royal Bank Of Canada (RY)
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Source: Yahoo! Finance Canada
investors to accelerate its efforts to build a commercial quantum computer for industry. The fresh funds will also help the startup expand its technical, sales and partnership teams. Photonic's latest fundraiser was led by Planet First Partners Gérant Sàrl, a Luxembourg-based venture capital firm focused on technology and sustainability. New investors, including the Royal Bank of Canada and Telus Global Ventures, also participated in the round. It was RBC's first direct equity investment in a quantum computing company “Photonic's game-changing approach to deliver on the decades-old promise of quantum computing continues to be fuelled by committed investors and best-in-class employees,” Photonic chief executive Paul Terry said in a statement on Tuesday. “This funding round attracted not only new financial investors, but also partners from sectors poised to be transformed by quantum technology, including sustainability, telecommunications, finance and security.” Investor enthusi
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