Photonic achieved a $2 billion post-money valuation. The Vancouver-based startup raised over $200 million in its latest funding round. This financing concludes a round that began in January 2026. The company has raised more than $350 million in total capital.
Planet First Partners led the investment round. Microsoft participated as a returning strategic investor. New backers include Royal Bank of Canada, TELUS, and Bell Ventures.
Photonic develops distributed quantum computers using an Entanglement First architecture. The system combines silicon-based qubits with photonic connectivity. This approach enables scaling through existing global telecommunications infrastructure.