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Vancouver’s Photonic announced today that it has raised $138 million to fuel their fast-paced development of one of the world’s first scalable, fault-tolerant, and unified quantum computing and networking platforms based on photonically linked silicon spin qubits.
The investment round was raised from organizations including Microsoft, Inovia Capital, and Amadeus Capital Partners, and brings the company’s total funding raised to date to just shy of $200 million.
Photonic is making fault-tolerant quantum technologies a reality with its unique silicon spin-photon interface. The technology leverages the memory and computing capabilities of spins and the connectivity of photonics to build one of the world’s first scalable, fault-tolerant, and networked quantum computers.
The company has over 120 employees with a head office in Vancouver and has recently opened offices in the United Kingdom and the United States.
“Photonic’s game-changing approach to deliver on the decades-old promises of quantum computing continues to be fueled by our committed investors and best-in-class employees,” said Paul Terry, Chief Executive Officer of Photonic.
“The support of such knowledgeable investors who believe in our work is a testament to our team, our technology, and the direction we’re headed in.”
Headquartered in Vancouver, the company has over 120 employees and has recently opened offices in the United Kingdom and the United States. Photonic is currently hiring Engineers, Marketers, and Project Managers.