Photonic Raises $180M CAD ($130M USD) to Accelerate Quantum Computing and Networking [Yahoo! Finance]
Royal Bank Of Canada (RY)
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Source: Yahoo! Finance
VANCOUVER, British Columbia, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Photonic Inc. , a global leader in distributed quantum computing, announced today that it has raised $180M CAD ($130M USD) in the first close of its latest investment round, led by Planet First Partners , with participation from new investors Royal Bank of Canada (RBC), TELUS , and others. This significant raise underscores strong investor confidence and the company's rapid growth. Existing investors – including BCI and Microsoft – also returned for this round, bringing the total raised by the company to $375M CAD ($271M USD). Photonic is accelerating the path to fault-tolerant quantum systems with their Entanglement First™ Architecture – a unique approach that combines silicon-based qubits and native photonic connectivity, enabling seamless scaling across existing global telecom infrastructure. With this new funding, the company will continue advancing key product milestones toward commercialization, expanding its tech
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