Vancouver-based quantum technology company Photonic has reshaped its leadership team as it moves toward the commercialization of its quantum computing and networking platform.
The company announced that longtime investor Don Mattrick has been appointed Chief Executive Officer, while Paul Terry will take on the role of Chief Product Officer. The leadership changes are intended to strengthen Photonic’s go-to-market capabilities as it prepares to bring its technology to market.
The announcement follows the $180 million first close of Photonic’s latest financing round. The round was led by Planet First Partners and included new investors Royal Bank of Canada and TELUS. Existing backers including BCI and Microsoft also participated. With the raise, Photonic has now secured a total of $375 million in funding.
As CEO, Mattrick will focus on guiding the company through its next stage of growth, including scaling commercial operations and expanding industry partnerships.
Photonic is a member of the BC Tech Association.
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Terry, who previously served as Photonic’s Vice President of Product, will lead product strategy and oversee the development and delivery of the company’s commercial offerings. He will continue advancing Photonic’s Entanglement First™ architecture, a core component of the company’s approach to building scalable quantum systems.
Photonic is developing silicon-based quantum technologies designed to enable both quantum computing and secure quantum networking.
Mattrick is one of the most prominent figures to emerge from Vancouver’s video game industry. Over the course of his career he has held senior leadership roles at Electronic Arts and Microsoft, where he oversaw the launch of the Xbox 360 and helped expand the company’s gaming platform. He later served as CEO of Zynga as the social gaming company transitioned toward mobile.
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