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 […]
Photonic
Photonic Adds Executive Chair, Four Directors After $180M Raise
Vancouver quantum computing company Photonic has appointed an executive chair and four new directors following its recent $180 million funding round. Joining founder Stephanie Simmons and CEO Paul Terry on the board are Alex van Someren (Executive Chair), Don Mattrick (Vice Chair), Nathan Medlock, and Ashton Scordo. British entrepreneur and investor van Someren, founder of […]
Photonic and TELUS Achieve ‘Quantum Teleportation’ Milestone
Vancouver’s Photonic is partnering with neighbour TELUS. The quantum computing technology company is working with the telecommunications giant to pursue quantum-secure networking capabilities and deliver “solutions that will provide social and economic value and transform industries worldwide.” As a first demonstration of this collaboration, Photonic and TELUS say that they have achieved a “significant technical […]
Photonic Raises $180M in Major Quantum Round
Photonic has raised $180 million in the first close of its latest investment round, marking a major milestone for the distributed quantum computing company as it pushes toward commercialization. The round was led by Planet First Partners, with participation from new investors including Royal Bank of Canada and TELUS. Existing backers, including BCI and Microsoft, […]
Photonic Tapped for Ottawa’s Quantum Champions Initiative
Vancouver-based Photonic has been selected for Phase 1 of the federal government’s Canadian Quantum Champions Program (CQCP), a move that could see the company receive up to $23 million in funding as Canada looks to accelerate the development of fault-tolerant quantum computing technologies. The program recognizes the strategic importance of quantum technologies to Canada’s economic […]
Photonic Intends to Showcase ‘Practical Path’ for Scalable Quantum Computing
In April, we reported that Vancouver’s Photonic was selected to participate in Stage A of the U.S. Defense Advanced Research Projects Agency’s Quantum Benchmarking Initiative. The global program from DARPA aims to rigorously assess whether any quantum computing technology can deliver “utility-scale” performance—meaning the computational value outweighs its cost—by 2033. “We are proud to be […]
Photonic Awarded $1M Grant to Build Quantum-Powered Defence Technology
A Vancouver-based company operating in the quantum computing space has advanced to the next stage of the Canadian Department of National Defence’s Innovation for Defence Excellence and Security NORAD Modernization Science and Technology Contest. Photonic is developing commercial-scale quantum computers and quantum networks to address some of the world’s most pressing challenges in materials science, […]
Photonic Strengthens Executive Team with New COO and Strategic Advisor
Fresh off its UK expansion announcement, Vancouver-based Photonic has appointed former SAP Canada managing director Kirsten Sutton as Chief Operating Officer and named cybersecurity expert Prof. Alex van Someren as a Strategic Advisor. The two high-profile additions are set to accelerate Photonic’s journey toward commercially viable quantum computing. Sutton brings over 30 years of experience […]
Photonic to Open $49M Quantum R&D Hub in the UK, Expanding Canadian Innovation Abroad
Vancouver-based quantum computing company Photonic is expanding internationally with plans to establish a new research and development (R&D) facility in the United Kingdom, a move that deepens Canada’s leadership in quantum innovation while forging closer transatlantic ties. Over the next three years, Photonic will invest more than $49 million into the UK operation, creating over […]
Photonic Selected for DARPA Quantum Benchmarking Initiative
Coquitlam’s Photonic has been selected to participate in Stage A of the U.S. Defense Advanced Research Projects Agency’s (DARPA) Quantum Benchmarking Initiative (QBI), the company announced this week. The global program aims to rigorously assess whether any quantum computing technology can deliver “utility-scale” performance—meaning the computational value outweighs its cost—by 2033. Participants must present a […]