Quantum computing firm Photonic raises $180M in latest financing round - Toronto Star

The Quantum computing company Photonic Inc. logo is shown in this handout image. THE CANADIAN PRESS/Handout-Photonic Inc. (Mandatory Credit) Photonic Inc. New for subscribers! Gift this article to friends and family for free. Got it! Recommended reads just for you Europe Trump’s former Russia adviser says Russia offered U.S. free rein in Venezuela in exchange for Ukraine 13 hrs ago Gta Special weather statement calls for heavy snow on heels of freezing rain in Toronto 8 hrs ago Canada Flying to the Caribbean? What Canadians need to know after U.S. flights cancelled over Venezuela strike 9 hrs ago flag wire: true flag sponsored: false article_type: pubinfo.section: cms.site.custom.site_domain : thestar.com sWebsitePrimaryPublication : publications/toronto_star bHasMigratedAvatar : false firstAuthor.avatar : By The Canadian Press VANCOUVER - Quantum computing company Photonic Inc. says it has raised $180 million in its latest financing round which included Royal Bank of Canada and Telus as new investors.The Vancouver-based company says existing investors – including BCI and Microsoft – also participated in the round led by Planet First Partners.Photonic is developing commercial-scale quantum computers and quantum networks.Barrie Laver, managing director and head of venture capital and private equity with Royal Bank, says it’s the bank’s first direct equity investment in a quantum computing company. ARTICLE CONTINUES BELOW Laver says Photonic has the potential to unlock key applications in the financial sector, ranging from security through to portfolio optimization and risk modelling.Photonic says it has raised a total of $375 million.This report by The Canadian Press was first published Jan. 6, 2026.Companies in this story: (TSX:T, TSX:RY) Report an error Journalistic Standards About The Star Trending Europe Trump’s former Russia adviser says Russia offered U.S. free rein in Venezuela in exchange for Ukraine 19 hrs ago Gta Special weather statement calls for heavy snow on heels of freezing rain in Toronto 8 hrs ago Comments Canada Flying to the Caribbean? What Canadians need to know after U.S. flights cancelled over Venezuela strike 9 hrs ago Comments Relationships Bo Bichette got married in a major league wedding filled with Toronto Blue Jays 10 hrs ago Comments Opinion Martin Regg Cohn: Donald Trump’s path to Canada runs through Greenland 13 hrs ago Comments Ontario Barrie mother charged with murder in death of 10-year-old boy on New Year’s Eve 12 hrs ago Comments Provincial Politics Canadian fears of a worsening U.S.