糖心视频

Quantum computing and networking startup raised a $100 million round that included an investment from .

The deal includes a strategic collaboration that will pair the Vancouver-based startup鈥檚 scalable and unified quantum computing and networking with the tech giant鈥檚 cloud platform.

鈥淧hotonic鈥檚 game-changing approach to deliver on the decades-old promises of quantum computing continues to be fueled by our committed investors and best-in-class employees,鈥� CEO said in a . 鈥淭he support of such knowledgeable investors who believe in our work is a testament to our team, our technology, and the direction we鈥檙e headed in.鈥�

Along with Microsoft, the round included investment from , the U.K. government鈥檚 , and .

The new round brings the company’s total funding raised to date to $140 million since being founded in 2016.

Quantum cash

Investors have started to see the potential of quantum technology and computing 鈥� a level of computation much faster and at a level superior to modern computers in that it can perform many calculations at the same time.

Funding to quantum computing startups already has hit more than $1 billion this year, per Crunchbase . That number dwarfs the $814 million raised in 2021 and the $788 million announced last year.

The largest round of the year occurred back in February, when 鈥� after spinning off of tech giant 鈥� announced a $500 million round from investors including , former CEO , , , funds and accounts advised by , and others.

SandboxAQ is examining the related effects of both AI and quantum to develop commercial products for telecom, financial services, health care, security and other computationally intensive sectors.

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Related reading:

• Quantum Technology Gains Momentum As Computing Gets Closer To Reality

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