About Photonic
Photonic is a company based in Vancouver (Canada) founded in 2013.. Photonic has raised $231 million across 3 funding rounds from investors including Microsoft, British Business Bank and BCI. Photonic offers products and services including Quantum Silicon Processor and Distributed Qubits. Photonic operates in a competitive market with competitors including Seeqc, IQM, LightOn, Xanadu and C12 Quantum Electronics, among others.
- Headquarter Vancouver, Canada
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Sectors
Technology
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Photonic Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$231 M (USD)
in 3 rounds
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Latest Funding Round
$131 M (USD), Series D
Jan 06, 2026
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Investors
Microsoft
& 8 more
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Employee Count
Employee Count
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Products & Services of Photonic
Photonic offers a comprehensive portfolio of products and services, including Quantum Silicon Processor and Distributed Qubits. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables scalable fault-tolerant quantum operations in silicon.
Facilitates telecom-band communication for distributed quantum clusters.
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Funding Insights of Photonic
Photonic has successfully raised a total of $231M across 3 strategic funding rounds. The most recent funding activity was a Series D round of $131 million completed in January 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series D — $131.0M
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First Round
First Round
(08 Nov 2023)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2026 | Amount | Series D - Photonic | Valuation | Planet First Partners | |
| Dec, 2025 | Amount | Grant - Photonic | Valuation | Government of Canada |
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| Nov, 2023 | Amount | Series D - Photonic | Valuation | BCI , Microsoft |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Photonic
Photonic has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Microsoft, British Business Bank and BCI. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private debt fund and fund of funds focused on startups
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Founded Year | Domain | Location | |
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Early-stage deep technology investments are made by Amadeus Capital.
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Founded Year | Domain | Location | |
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Investments are made in early-stage technology companies by Inovia Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Photonic
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Photonic
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Photonic Comparisons
Competitors of Photonic
Photonic operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Seeqc, IQM, LightOn, Xanadu and C12 Quantum Electronics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
System-on-chips for quantum computing applications are provided.
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| domain | founded_year | HQ Location |
Superconducting quantum computers are developed with advanced processors and operations.
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| domain | founded_year | HQ Location |
Optical processors are provided for machine learning computations.
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| domain | founded_year | HQ Location |
Xanadu is involved in unspecified technology or AI solutions.
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| domain | founded_year | HQ Location |
Manufacturer of application-specific integrated circuits for quantum computing applications
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| domain | founded_year | HQ Location |
Superconducting circuits and cryogenic solutions for quantum computing are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Photonic
Frequently Asked Questions about Photonic
When was Photonic founded?
Photonic was founded in 2013 and raised its 1st funding round 10 years after it was founded.
Where is Photonic located?
Photonic is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Who is the current CEO of Photonic?
Paul Terry is the current CEO of Photonic.
Is Photonic a funded company?
Photonic is a funded company, having raised a total of $231M across 3 funding rounds to date. The company's 1st funding round was a Series D of $100M, raised on Nov 08, 2023.
What does Photonic do?
Photonic was founded in 2013 in Vancouver, Canada, focusing on the photonics and quantum optics sector. Silicon-based transistors for integrated circuits and microprocessor chips are developed to support multiple qubits. Solutions for qubit performance enhancement, telecom networking, and scalable silicon manufacturing are offered, addressing challenges in quantum computing and optics applications. Operations center on materializing photonic silicon spin qubits for complex problem-solving in these fields.
What products or services does Photonic offer?
Photonic offers Quantum Silicon Processor and Distributed Qubits.
Who are Photonic's investors?
Photonic has 9 investors. Key investors include Microsoft, British Business Bank, BCI, Amadeus Capital Partners, and Inovia Capital.