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Based in beautiful Vancouver, Canada, Photonic is at the forefront of designing next-generation quantum technologies in silicon. Photonic's breakthrough results with silicon have upended many conventional assumptions in quantum computing. With record-setting qubit performance, telecom networking, and silicon’s manufacturing scale, Photonic’s silicon spin qubits materialize solutions for previously intractable problems –and unlock solutions for tomorrow’s problem sets
Overview
Location
Canada, British Columbia, Burnaby
Employees
51-200
Total raised
$300M
Founded date
2016
Investors 1
| Date | Name | Website |
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Funding Rounds 2
| Date | Series | Amount | Investors |
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| Nov 8, 2023 | Funding round | $100M |
Mentions in press and media 16
| Date | Title | Description |
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| Sep 23, 2026 | Photonic Inc. Advances Quantum Resource Estimation Capabilities with Microsoft | and Microsoft are collaborating to advance quantum resource estimation for future large-scale quantum computing systems. As quantum computing scales beyond a single processor, developers and enterprises need better ways to understand the va... |
| May 12, 2026 | Photonic Raises Over USD$200M ($275m CAD) in Funding, At $2 Billion USD Post-Money Valuation | Photonic, Inc., a Vancouver, British Columbia, Canada-based developer of distributed quantum computing infrastructure, raised over $200m USD ($275m CAD) in funding, achieving a $2 billion USD post-money valuation. The round was led by Plane... |
| Jan 6, 2026 | Photonic Raises USD$130M in Funding | Photonic Inc., a Vancouver, Canada-based distributed quantum computing company, raised $180M CAD ($130M USD) in the first close of its latest funding round. The round, which brought the total raised by the company to $375M CAD ($271M USD), ... |
| Jan 6, 2026 | Photonic raises $130M to scale quantum computers with entanglement-based networking Send us a News Tip EXTRACT THE SIGNAL FROM THE NOISE Cookies | Canadian quantum computing startup Photonic Inc. said today it has closed on CAD$180 million ($130 million) in funding as part of the first phase of its latest investment round. The company said it’s aiming to raise much more in the coming ... |
| Oct 16, 2024 | Photonic Startup Lightmatter Raises $400M Amid Data Center Frenzy; Hits $4.4B Valuation | 3 Shares Email Facebook Twitter LinkedIn Lightmatter, a startup that uses light to link chips together and to do calculations for the deep learning necessary for AI, locked up a $400 million Series D led by new investor T. Rowe Price at a $... |
| Oct 16, 2024 | Lightmatter: Photonic Supercomputing Company Raises $400 Million (Series D) At $4.4 Billion Valuation | Lightmatter (see Pulse 2.0 profile here), a leader in photonic supercomputing, announced today that it has raised a $400 million Series D. This company valuation at $4.4 billion brings the total capital raised to $850 million. This funding ... |
| Oct 16, 2024 | Photonic startup Lightmatter raises $400 million amid AI datacenter boom, eyes IPO next | -Lightmatter, a Mountain View, California-headquartered startup building photonic tech in datacenter networking chips, said on Wednesday it has raised $400 million in a Series D funding round at a valuation of $4.4 billion. New investor T. ... |
| Nov 8, 2023 | Quantum startup Photonic raises $137 million CAD, strikes strategic partnership with Microsoft | |
| Nov 8, 2023 | Photonic Raises $100M in Funding | Photonic Inc., a Vancouver, BC, Canada-based company building s scalable, fault-tolerant, and unified quantum computing and networking platform based on photonically linked silicon spin qubits, raised an investment round of $100M USD. Backe... |
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FAQ about Photonic
When was Photonic founded?
Photonic was founded in 2016.
How much funding has Photonic raised?
Photonic has raised $300M in total across 2 funding rounds.
What funding rounds has Photonic raised?
Parsers VC lists 2 funding rounds of Photonic, among them a funding round of $100M on Nov 8, 2023.
What has the press written about Photonic?
Parsers VC has collected 16 articles mentioning Photonic, among them “Photonic Inc. Advances Quantum Resource Estimation Capabilities with Microsoft” (Sep 23, 2026) and “Photonic Raises Over USD$200M ($275m CAD) in Funding, At $2 Billion USD Post-Money Valuation” (May 12, 2026).
Is Photonic still active?
Yes, Photonic is active; its latest activity on Parsers VC dates from Oct 20, 2026.