By UpMarket Research | Last updated: September 2026
CEO Don MattrickFounded 2016HQ Vancouver, Canada
Photonic is a private quantum computing company developing distributed, fault-tolerant systems based on silicon spin-photon architecture. It is headquartered in Vancouver and has raised over $350M USD to scale its technology and team.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
$2B
Previous Price
$1B
First close of latest investment round Jan 2026
How to Invest in Photonic Through UpMarket
Photonic shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Photonic offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
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Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
May 2026
Latest investment round
$2B
Jan 2026
First close of latest investment round
$1B
Nov 2023
Series D
Jun 2021
Series A
Why Investors Are Watching Photonic
Growth Signal
Photonic raised $200M+ and reached $2B valuation
Photonic closed over $200M USD in May 2026, lifting total capital raised to more than $350M USD. The round priced the company at a $2B USD post-money valuation, signaling strong investor demand.
Competitive Moat
Photonic builds distributed quantum stack with major backers
Photonic describes itself as a global leader in distributed quantum computing and networking. Its financing brought in RBC, TELUS, Microsoft, and the UK NSSIF, strengthening strategic ties around its platform.
Market Opportunity
Company targets fault-tolerant quantum computing at scale
Photonic says it is building one of the world’s first scalable, fault-tolerant, unified quantum computing and networking platforms. The company raised $100M USD in 2023 to advance that effort, and by 2026 had raised over $350M USD in total.
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No. As of August 2026, Photonic is a private company and does not trade on any public stock exchange. Accredited investors can access Photonic shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Photonic does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Photonic shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered more than $500M in alternative investments since 2019.
Pre-IPO investments carry significant risks. Photonic shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Photonic develops distributed, fault-tolerant quantum systems based on silicon spin-photon architecture and has raised $200M+ at a $2B valuation, positioning the private company for long-term scaling, accredited investors can access Photonic stock through UpMarket.