As the communications industry grapples with the implications of Quantum technology for and upon networks, one player in distributed quantum computing started the year with a large fund raising round, supported by Canadian telco Telus.
Photonic describes itself as developing path to fault-tolerant quantum systems using an Entanglement First™ Architecture, which combines silicon‑based qubits and native photonic connectivity. That could enable “seamless scaling” across existing telecom infrastructure, the company claims.
It has raised $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) and TELUS. Existing investors BCI and Microsoft also returned for this round, bringing the total raised by the company to $271M USD.
The company said the new funding would enable it to continue advancing toward commercialisation, expanding its technical and business teams, and deepening partner engagements.
“At TELUS Global Ventures, we invest in breakthrough technologies that create tangible value today and for the future and believe quantum computing represents a transformational technology that will fundamentally reshape secure telecommunications infrastructure,” said Terry Doyle, Managing Partner at TELUS Global Ventures. “Photonic’s approach to distributed quantum computing and networking is exactly the kind of game-changing innovation we seek. Together, we’re not just investing in technology, we’re building Canada’s quantum future and delivering solutions that will transform industries worldwide.”
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