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Quantum Computing Firm Photonic Raises $180m in Latest Financing Round
Photonic secured C$180 million in funding led by Planet First Partners to scale its distributed quantum computing platform and reach commercialization milestones.
- Quantum computing company Photonic Inc. raised $180 million in its latest financing round, with new investors including Royal Bank of Canada and Telus.
- Photonic is developing commercial-scale quantum computers and networks, with existing investors such as BCI and Microsoft also participating in the round.
- The Vancouver-based company has now raised a total of $375 million to advance quantum computing technology.
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Quantum computing company Photonic announced on Tuesday that it had raised $180 million in its last round of financing, in which Royal Bank of Canada and Telus participated as new investors.
·Montreal, Canada
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Winnipeg Free Press+10 Reposted by 10 other sources
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Photonic Secures $180M CAD To Advance Distributed Quantum Computing
Photonic Inc., a Vancouver-based company, develops distributed quantum computing technology. The company has announced the first close of its latest funding round. They raised $180 million CAD ($130 million USD). The investment brings the company's total funding to $375 million CAD ($271 million USD).
Coverage Details
Total News Sources23
Leaning Left5Leaning Right1Center5Last UpdatedBias Distribution46% Left, 45% Center
Bias Distribution
- 46% of the sources lean Left, 45% of the sources are Center
46% Left
L 46%
C 45%
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