Photonic Inc. Raises $200M+ Investment Round Led by Planet First Partners
May 12, 2026
Photonic Inc. announced the final close of an investment round of over $200 million USD (about $275 million CAD), bringing total capital raised to over $350 million USD. The round is led by Planet First Partners and includes new investors Business Development Bank of Canada (BDC), Export Development Canada (EDC), Bell Ventures, Firgun Ventures, InBC Investment Corp., and existing investor Mubadala Capital, with Evercore as sole placement agent.
- Buyers
- Planet First Partners, Business Development Bank of Canada (BDC), Export Development Canada (EDC), Bell Ventures, Firgun Ventures, InBC Investment Corp., Mubadala Capital
- Targets
- Photonic Inc.
- Industry
- AI & Machine Learning
- Location
- British Columbia, Canada
- Transaction Type
- Growth capital
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