Quantum startup Photonic raises $100 million funds from Microsoft, others

Company

Photonic

Law Firm / Organization
McCarthy Tétrault LLP

Company

Microsoft

Law Firm / Organization
Microsoft
Lawyer(s)

Jonathan Palmer

Photonic, a startup specializing in quantum computing and networking, recently secured a funding round of $100 million. This investment includes a strategic partnership with Microsoft, where the Vancouver-based company's scalable and unified quantum computing and networking will be integrated with Microsoft's Azure cloud platform. In addition to Microsoft, the funding round also saw investments from British Columbia Investment Management Corp., the U.K. government's National Security Strategic Investment Fund, Inovia Capital, and Amadeus Capital Partners. With this latest round, Photonic has now raised a total of $140 million in funding since its establishment in 2016.

Financing/Investment
Tech/Computer/IT
$ 100,000,000
Closed
08 November 2023