Vancouver's Photonic Secures Extra $70M Following January's $130M Funding Round, Reaching $2B Valuation (Josh Scott/BetaKit)
Summary
Photonic, a Vancouver-based quantum computing startup, raised an additional $70 million after its earlier $130 million round in January. The company said the latest close brings its post-money valuation to $2 billion. This is a financing milestone rather than a product or personnel announcement. The news points to continued investor confidence in quantum computing infrastructure and applications.
Funding
Amount
$70.0M
Total raised
Date
May 12, 2026
Announcement date
Investors
-
Lead investors
Company
photonic.com
Funded company
Classifications
industries
No industries detected
applications
Web and Content Management
AskAI Classifications
Labels
Quantum Computing
Software
Technology
Linked Companies
Photonic Inc.
$10M to $25M