Planet First Partners led a $130m round in Photonic.

Planet First Partners, a private equity firm, led a $130m round in Photonic, a provider of distributed quantum computing, with participation from Royal Bank of Canada, TELUS, BCI and Microsoft. “Photonic’s game‑changing approach to deliver on the decades‑old promises of quantum computing continues to be fueled by committed investors and best‑in‑class employees. This funding round attracted not only new financial investors but also partners from sectors poised to be transformed by quantum technology—including sustainability, telecommunications, finance, and security,” Paul Terry, Photonic CEO.