Pre-IPO quantum computing company profile · Founded 2016 · Coquitlam, British Columbia, Canada
Company Facts
IPO Status
No IPO announced
Photonic Inc. shares are not available on public exchanges. See below for listed alternatives with similar technology.
Photonic Inc. is building distributed quantum computers using photonically linked silicon spin qubits. The architecture combines long-lived spin memories with photonic networking, aiming to connect quantum modules instead of forcing every qubit onto one monolithic chip.
Microsoft is both an investor and strategic partner. Photonic completed a growth-round final close of more than $200M (C$275M) in May 2026 at a $2B post-money valuation, bringing total capital raised above $350M.
| Round | Amount | Date | Key Investors | Valuation |
|---|---|---|---|---|
| Growth round final close | C$275M (>US$200M) | May 2026 | Planet First Partners, BDC, EDC, Bell Ventures, Firgun Ventures, InBC, Mubadala Capital, RBC, TELUS, BCI, Microsoft | $2B post-money |
| Strategic round | $100M | Nov 2023 | BCI, Microsoft and other investors | — |
Xanadu (XNDU) is the closest listed Canadian photonics-adjacent pure-play, while Microsoft (MSFT) is Photonic's direct strategic partner.
Can you buy Photonic Inc. stock?
No. Photonic Inc. is private and has not announced an IPO.
What is Photonic Inc. building?
Distributed quantum computers based on silicon spin qubits connected through photonic links.
How is Microsoft involved with Photonic?
Microsoft is an investor and strategic co-innovation partner for Photonic's distributed quantum computing architecture.
More pre-IPO quantum companies
Static profile, updated manually · Last updated 2026-07-16 · Sources: Photonic $100M investment ↗ · Photonic C$180M first close ↗