By The Canadian Press

Quantum computing firm Photonic raises $180M in latest financing round

Jan 6, 2026 | 9:23 AM

VANCOUVER — Quantum computing company Photonic Inc. says it has raised $180 million in its latest financing round which included Royal Bank of Canada and Telus as new investors.

The Vancouver-based company says existing investors – including BCI and Microsoft – also participated in the round led by Planet First Partners.

Photonic is developing commercial-scale quantum computers and quantum networks.

Barrie Laver, managing director and head of venture capital and private equity with Royal Bank, says it’s the bank’s first direct equity investment in a quantum computing company.

Laver says Photonic has the potential to unlock key applications in the financial sector, ranging from security through to portfolio optimization and risk modelling.

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Photonic says it has raised a total of $375 million.

This report by The Canadian Press was first published Jan. 6, 2026.

Companies in this story: (TSX:T, TSX:RY)

The Canadian Press