Photonic Raises $200-Million, Becoming Latest Canadian Quantum Developer to Reach Multibillion-Dollar Valuation

Photonic raises $275M as valuation soars to $2.7B

Support for the Coquitlam-based company comes from industry and government, as well as entities around the world

Photonic raises $200-million, becoming latest Canadian quantum developer to reach multibillion-dollar valuation

BCE’s Bell Ventures and three government-backed agencies join RBC and Telus in latest funding round

Canadian quantum startup Photonic Inc. closes $200m funding round at $2bn valuation

Extended round brings total raised by the company to more than $350m

Photonic Inc. Reaches $2B Valuation with $200M Final Close

Photonic Inc., the Vancouver-based developer of distributed quantum computing, has announced the final close of its $200 million USD ($275 million CAD) funding round, bringing the company’s post-money valuation to $2 billion USD ($2.7 billion CAD). The round was led by UK-based Planet First Partners and brings total capital raised by the company to over [...] The post Photonic Inc. Reaches $2B Valuation with $200M Final Close appeared first on Q…

Photonic Valued At $2B USD With $275M CAD Final Investment Close

Photonic Inc. closed a $275M CAD investment round, resulting in a $2B USD post-money valuation for the distributed quantum computing company.

Photonic secures $2-billion USD valuation after final close of $200-million financing

Vancouver-based Photonic has completed the final close of its latest funding round, securing another $70 million USD ($95 million CAD) that will fuel the development of its quantum computers as the company advances towards commercialization.  This brings the total size of this equity financing to more than $200 million USD ($275 million CAD). Photonic shared the news this morning, noting that the round gives it a $2-billion USD ($2.7-billion CAD…