"Distributed architectures will be an important way to scale quantum technology...."

Zulfi Alam, Corporate Vice President, Microsoft Quantum

With the final close of Photonic Inc.’s $200M USD ($275M CAD), valuing the company at a $2B USD ($2.7B CAD) post-money valuation, Zulfi Alam, Corporate Vice President of Microsoft Quantum, commented:

Distributed architectures will be an important way to scale quantum technology, and Photonic is an important partner in advancing that future. Their design allows quantum systems to operate over today’s fiber infrastructure, offering a practical and scalable path toward the large‑scale systems that transformative applications will demand. We’re pleased to continue our partnership as they take this next step.

Editor’s note 0: The investors included Bell Ventures, British Columbia Investment Management Corporation (BCI), Business Development Bank of Canada (BDC), Export Development Canada (EDC), Firgun Ventures, InBC Investment Corp., Microsoft, Mubadala Capital, Planet First Partners, Royal Bank of Canada (RBC), and TELUS.

Editor’s note 1: Read more about Photonic Inc. with “Remote Entanglement Demands a Sacrifice” and “A Tale of Unicorns.”