NEWS
Photonic raises US $ 100 million for Quantum Technology
silicon spin qubits , has confirmed raising an investment round of $ 100M USD .
This brings the company ’ s total funding raised to date to US $ 140 million . Photonic is making fault-tolerant quantum technologies a reality with its unique silicon spin-photon interface .
central challenges for scalable Quantum Computing . By linking qubits with photons on a silicon-based architecture , the power of quantum processing can be unleashed across a distributed computing network with confidence that error correction is able to keep pace – this is an innovation with awesome potential .”
Photonic , building one of the world ’ s first scalable , fault-tolerant and unified Quantum Computing and networking platforms based on photonically linked
The technology leverages the memory and computing capabilities of spins and the connectivity of photonics to build one of the world ’ s first scalable , fault-tolerant , and networked quantum computers .
“ Photonic ’ s game-changing approach to deliver on the decades-old promises of Quantum Computing continues to be fuelled by our committed investors and best-in-class employees ,” said Paul Terry , CEO , Photonic .
Hermann Hauser , Co-founder and Venture Partner , Amadeus Capital Partners , said : “ Photonic is solving one of the
“ Since our initial investment in Photonic , the company has reached several major technical milestones related to developing secure quantum solutions , while establishing key commercial partnerships ,” said Gordon J . Fyfe , Chief Executive Officer and Chief Investment Officer , British Columbia Investment Management Corporation ( BCI ).
“ As one of Photonic ’ s largest shareholders , BCI is excited to partner with its management team with the goal of developing one of the first fault-tolerant quantum computers in the world .”
Neil Hampshire named CIO for Ocean Spray Cranberries
Neil Hampshire has been named Chief Information and Digital Officer for Ocean Spray Cranberries . In the role , Hampshire leads Ocean Spray ’ s data information security , global IT operations , business intelligence , tech engineering , tech project management and application technology teams . In addition , he co-leads Ocean Spray ’ s xELERATE business transformation initiative .
“ What excites me most about Ocean Spray is that we are an historic brand that continually looks forward . The opportunity we have in front of us , from a technology and business modernization perspective , is invigorating – we ’ re going to catapult Ocean Spray into the next 100 years .
“ When I think of our values – Grower Mindset , Sustainable Results , Integrity Above All and Inclusive Teamwork – I see technology embedded in each one . Our technology team is thinking about our people , enabling them to work well together , work efficiently , and do right by our cooperative and grower-owner , he said .
Prior to joining Ocean Spray , Hampshire served as Vice President of Global IT Operations for Subway . In addition , he has spent time in a wide range of industries in technology leadership positions , including ModusLink , Reckitt Benckiser , Wrigley and Gillette . He has a proven
Neil Hampshire , CIO , Ocean Spray Cranberries
track record of building high-performing and engaged teams , driving measurable growth and efficiency .
Hampshire earned his bachelor ’ s degree in Engineering from Brunel University and is a graduate of MIT ’ s Chief Digital Officer Program . p
18 INTELLIGENTCIO NORTH AMERICA www . intelligentcio . com