Photonic Inc., a leading player in the quantum computing and networking industry, has secured a significant investment round of $100 million USD. The funding comes from a group of notable investors, including British Columbia Investment Management Corporation (BCI), Microsoft Corporation, the UK government’s National Security Strategic Investment Fund (NSSIF), Inovia Capital, and Amadeus Capital Partners. With this latest investment, Photonic’s total funding to date reaches an impressive $140 million USD.
Utilizing its groundbreaking silicon spin-photon interface, Photonic is at the forefront of revolutionizing fault-tolerant quantum technologies. By harnessing the unique capabilities of spins and the connectivity of photonics, the company aims to develop the world’s first scalable, fault-tolerant, and networked quantum computers. The company has already made significant strides in this field and now boasts over 120 employees, with headquarters in Canada and newly established offices in the United Kingdom and the United States.
Paul Terry, Chief Executive Officer of Photonic, expressed his gratitude for the support of the company’s committed investors and exceptional team, emphasizing their significant contribution to Photonic’s ongoing success. Terry believes that their investors’ belief in the company’s work serves as a testament to its remarkable potential.
Hermann Hauser, Co-founder and Venture Partner at Amadeus Capital Partners, praised Photonic’s ability to address one of the most critical challenges in scalable quantum computing. By integrating qubits and photons through a silicon-based architecture, Photonic enables quantum processing to be distributed across a network while maintaining reliable error correction. Hauser emphasized the vast potential of this innovation.
Gordon J. Fyfe, Chief Executive Officer and Chief Investment Officer at BCI, highlighted the remarkable progress made by Photonic since their initial investment. Fyfe praised the company’s ability to achieve significant technical milestones in developing secure quantum solutions and establishing critical commercial partnerships. As one of Photonic’s largest shareholders, BCI is enthusiastic about their collaboration with the company, working towards the creation of one of the world’s first fault-tolerant quantum computers.
To further demonstrate their commitment to advancing quantum technology, Photonic also announced collaborations with Microsoft to power the global quantum ecosystem. These partnerships aim to accelerate the transformational benefits of quantum computing through new architectural approaches. Additionally, Photonic published a technical paper titled “Scalable Fault-Tolerant Quantum Technologies with Silicon Colour Centres,” providing insights into their unique architecture. Microsoft also shared a blog post titled “Microsoft and Photonic join forces on the path to quantum at scale” to offer further perspective on their collaboration.
As Photonic continues to lead the way in quantum computing and networking, the company remains dedicated to building one of the first scalable, fault-tolerant, and unified quantum computing and networking platforms. Leveraging the power of proven spin qubits in silicon, Photonic’s platform not only provides a native telecom networking interface but also boasts the practicality of silicon manufacturing. Headquartered in Vancouver, Canada, the company’s global presence includes offices in the United States and the United Kingdom.
For more information about Photonic and its groundbreaking work, please visit www.photonic.com.
- What is Photonic Inc.?
Photonic Inc. is a leading company that is building one of the world’s first scalable, fault-tolerant, and unified quantum computing and networking platforms based on photonically linked silicon spin qubits.
- Who are some of Photonic’s investors?
Photonic has secured investments from organizations such as British Columbia Investment Management Corporation (BCI), Microsoft Corporation, the UK government’s National Security Strategic Investment Fund (NSSIF), Inovia Capital, and Amadeus Capital Partners.
- What is Photonic’s unique technology?
Photonic leverages a silicon spin-photon interface to combine the computing capabilities of spins with the connectivity of photonics, enabling the development of scalable, fault-tolerant, and networked quantum computers.
- Where is Photonic headquartered?
Photonic is headquartered in Vancouver, Canada, and has recently expanded its operations by opening offices in the United Kingdom and the United States.
- What are some of Photonic’s recent collaborations?
Photonic has collaborated with Microsoft to power the global quantum ecosystem and accelerate the transformational benefits of quantum computing through innovative architectural approaches.