Photonic

Active#9 in Canada

Silicon quantum computers

Quantum›silicon quantum computers

Founded2016

HQCoquitlam

RaisedUSD 350M+

Last roundSeries E · May 2026

Country of originCanadaListed in the Canada ranking

Where would you invest?CanadaJurisdiction as cited by the ranking

Uback rankings

How the AI ranks →

Ranking	Tier	Rank	Edition	Next update
Canada · all sectors	Top 50	#9	Edition 0 – beta · October 2026	9 Oct 2026

Rank historyOct 2026 · #9First edition: no movements yet.

Estimated valuation

AI · Canada ranking

≈ USD 2bnUSD 1.6–2.5bn · Unicorn High confidence

Hundreds of k$

Millions $

Tens of M$

Hundreds of M$

Unicorn

Decacorn

Hectocorn

Anchor: Last known equity round: Series E · USD 200M · May 2026
Published valuation: USD 2bn · May 2026
AI adjustment: None

An indicative editorial estimate produced by AI, imperfect by nature: neither a financial valuation nor investment advice. Only the market sets a company’s value. Method

Funding history

USD 350M+ raised in total

Date	Round	Amount	Type	Investors
May 2026	Series E	USD 200M	Equity	Planet First Partners, BDC, Mubadala Capital, RBC, TELUS, Microsoft

Rounds as cited by Uback’s rankings. Equity, debt and grants are shown separately; only equity rounds count towards the valuation anchor.

Independent analyses

By industry professionals & analysts

Industry professionals and financial analysts can publish their own analysis of Photonic as a PDF, on one of three angles only:

ValuationWhat is Photonic worth?

Versus competitorsIs #9 the right rank?

Who should acquire itStrategic buyers, and why

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Analyses are the opinion of their authors, not of Uback. They are checked before publication.

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What the AI reads

Read by the AI at the next edition.

Comparable companies in Canada

Full Canada ranking →

Nord Quantique#14Quantum › error-corrected quantum computersUnicorn Trulioo#8Cybersecurity › identity verificationUnicorn LayerZero Labs#10Crypto › cross-chain interoperabilityUnicorn StackAdapt#7Marketing tech › programmatic advertisingUnicorn

Investors in Photonic: Planet First Partners · BDC · Mubadala Capital · RBC · TELUS · Microsoft

Last updated: Oct 2026Report an error

Uback is a content publisher. It provides no investment advice, receives no mandate and takes part in no transaction. Rankings, ranges and brackets are editorial estimates produced by AI, purely indicative.