Photonic Inc. closes US$100M investment round

On November 8, 2023, Photonic Inc., a leading quantum computing company, announced that it raised US$100M in an investment round from organizations including British Columbia Investment Management Corporation, Microsoft Corporation, the UK government’s National Security Investment Fund, Inovia Capital and Amadeus Capital Partners.

Photonic Inc., headquartered in Vancouver, British Columbia, is building one of the first scalable, fault-tolerant, and unified quantum computing and networking platforms.

McCarthy Tétrault advised Photonic Inc. with a team led by Ted Koffman and Glynnis Morgan that included Alexandra Comber, Vincent Yip and Sandra Belton (Business).