Tag: RBC
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RBC and Telus Back $130M Quantum Developer Photonic
Canada’s Quantum Corner Gets a Major Boost Two Canadian corporate giants have stepped into the fast-evolving world of quantum computing, signaling growing confidence in the country’s tech ecosystem. Royal Bank of Canada (RBC) and Telus have joined a group of blue‑chip investors backing Photonic, a Vancouver‑based quantum developer, with a US$130 million equity financing round.…
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RBC and Telus Back Photonic’s $130M Quantum Financing
Canadian Titans back Photonic in a $130 Million Quantum Financing Royal Bank of Canada (RBC) and Telus Corp. have joined a growing roster of Canadian blue-chip institutions investing in Photonic, a Vancouver-based quantum computing developer. The move signals increasing institutional confidence in Canada’s quantum sector and a push to scale quantum hardware and software solutions…
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RBC and Telus Back $130 Million Financing for Vancouver Quantum Developer Photonic
Canada’s Quantum Momentum Gains Ground with Photonic Funding Canada’s push into quantum computing received a major vote of confidence as the Royal Bank of Canada (RBC) and Telus Corp. announced their participation in a $130 million equity financing round for Vancouver-based quantum technology company Photonic. The capital infusion underscores the growing role of traditional financial…
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Net-Zero Banking Alliance Shuts Down: What Happened and What It Means
Origins and Promise: The NZBA’s Global Push toward Net-Zero In April 2021, as part of a broader push to align financial activity with climate goals, former U.N. special envoy for climate action and finance Mark Carney helped found the Net-Zero Banking Alliance (NZBA). The coalition brought together 63 banks from 32 countries, collectively managing about…