Photonic closes over $200M funding round
The round brings total capital raised to over $350M and values the company at $2B.
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Distributed quantum computing systems developer
photonic.comLast updated
In short: Photonic secured over $200M in new funding and appointed Don Mattrick as CEO to accelerate its fault-tolerant quantum computing development.
The round brings total capital raised to over $350M and values the company at $2B.
The round, led by Planet First Partners, gives the company a $2B USD valuation and brings total capital raised to over $350M USD.
The award recognizes the industrial design of their quantum computer product line, developed with Design3 GmbH. It highlights integration of design, engineering, and functionality for scalable systems.
Don Mattrick becomes CEO and Paul Terry becomes Chief Product Officer, following a $200M+ investment round to accelerate commercialization and scaling of Entanglement First™ technology.
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