Quantum computing firm Photonic raises $180M in latest financing round - Rocky Mountain Outlook

Photonic Inc. secured $180 million in its latest funding round, led by Planet First Partners, bringing its total raised to $375 million. The Vancouver-based quantum computing firm focuses on commercial-scale quantum computers and networks. New investors include Royal Bank of Canada (RBC) and Telus, marking RBC’s first direct equity stake in a quantum computing company. Existing backers like BCI and Microsoft also participated. RBC’s Barrie Laver highlighted Photonic’s potential to revolutionize financial applications, including security, portfolio optimization, and risk modeling. This signals growing industry confidence in quantum’s commercial viability. The funding underscores Photonic’s position as a leader in quantum hardware and networking, accelerating development toward practical, large-scale quantum solutions. This round reflects surging investor interest in quantum technologies, with major financial and tech players betting on its long-term impact across sectors.