Quantum computer maker Photonic racks up $100m in funding

• The round brings Photonic’s total funding to $140 million
• The investors included British Columbia Investment Management Corp, Microsoft Corp, National Security Strategic Investment Fund, Inovia Capital and Amadeus Capital Partners
• Photonic is building one of the first scalable, fault-tolerant, and unified quantum computing and networking platforms, uniquely based on proven spin qubits in silicon

Photonic, a Vancouver-based quantum computing and networking platform, has raised $100 million in financing. The round brings the company’s total funding to $140 million.

The investors included British Columbia Investment Management Corp, Microsoft Corp, the UK government’s National Security Strategic Investment Fund, Inovia Capital and Amadeus Capital Partners.

Photonic is building one of the first scalable, fault-tolerant, and unified quantum computing and networking platforms, uniquely based on proven spin qubits in silicon. The platform offers a native telecom networking interface and the manufacturability of silicon.

Led by CEO Paul Terry and chief quantum officer Stephanie Simmons, the company has more than 120 employees with a head office in Canada and has recently opened offices in the UK and the US.

On the funding, Hermann Hauser, co-founder and venture partner at Amadeus Capital Partners, said in a statement, “Photonic is solving one of the central challenges for scalable quantum computing. By linking qubits with photons on a silicon-based architecture, the power of quantum processing can be unleashed across a distributed computing network with confidence that error correction is able to keep pace. This is an innovation with awesome potential.”