Photonic banked €184M ($200M) in Growth funding to scale its quantum networking and computing architecture. The round is led by Planet First Partners and reportedly values the company at €1.84 billion ($2B).
The company designs silicon-based quantum technologies that use photonics—light-based signals—to link quantum processors over standard fibre-optic networks. This approach addresses the networking bottleneck in quantum scaling by allowing separate chips to communicate and distribute entanglement across distances.
The investment follows significant technical milestones in distributed quantum computing. By focusing on silicon-on-insulator platforms, the firm intends to manufacture its hardware using existing semiconductor industrial processes, reducing the barrier to mass production compared to alternative exotic materials.
The scale of this raise reinforces the UK's position as a primary hub for European deep tech, as institutional capital increasingly flows toward hardware-intensive sectors that underpin future digital infrastructure.
Originally reported by Tech Funding News.