Fenwick is representing Photonic, a developer of fault-tolerant quantum architecture that uniquely leverages photonically linked silicon spin qubits, in its strategic partnership with Microsoft.
The partnership will provide an integrated roadmap of technologies and products that can enable reliable quantum communications over long distances, as well as access to Photonic’s quantum computing offering via Microsoft Azure Quantum Elements. Additionally, the partnership will accelerate innovation enabling the quantum ecosystem to expand beyond computing, such as networking and sensing, and unlocking applications and scientific discovery at scale across chemistry, materials science, metrology and communications. More information can be obtained from the news announcements here and here.
Photonic also recently raised a $100 million round that included an investment from Microsoft, bringing the company's total funding raised to date to $140 million since being founded in 2016. The quantum technology and computing sector has seen significant growth and investment over the past year with funding to quantum computing startups currently exceeding $1 billion.
The Fenwick transaction team included corporate partner Mark Stevens, technology transactions partner Rufus Pichler and associate Leanne Ta.