Tech Company Financing Transactions
Photonic Funding Round
On 1/6/2026, Photonic raised $130 million in funding from Planet First Partners, BCI and Microsoft.
Transaction Overview
Company Name
Announced On
1/6/2026
Transaction Type
Venture Equity
Amount
$130,000,000
Round
Undisclosed
Investors
Planet First Partners (Lead Investor) (Nathan Medlock)
Proceeds Purpose
The company intends to use the funds to continue advancing key product milestones toward commercialization, expanding its technical and business teams, and deepening customer and partner engagements.
Company Information
Company Status
Private & Independent
Industry
AdTech
Mailing Address
169 Golden Drive Unit 2
Coquitlam, BC, Undisclosed
CA
Coquitlam, BC, Undisclosed
CA
Phone
Undisclosed
Website
Email Address
Overview
In 2016, after decades of research, Dr. Stephanie Simmons and Dr. Michael Thewalt founded Photonic with one goal in mind: to deliver on the promise of quantum computing by making a fault-tolerant quantum computer a reality. Today Photonic employs over 120 people spanning Canada, the United States, the United Kingdom, and Europe. Together, we are designing and manufacturing large-scale, distributed, fault-tolerant quantum computers that will transform material discovery, computational chemistry, drug development, and secure communications.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Paul Terry
Chief Financial Officer
Sarah Boatman
Founder
Stephanie Simmons
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Where The Data Comes From
We do our best to report on funding rounds that are announced publicly. VC investment data records on this site come from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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