Today, the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) announced a total repayable investment of C$17.2 million to help 12 local companies commercialize their quantum products for the domestic and international markets and support 150 jobs.

Amazec Photonics, a photonics based medtech, has secured a €1.5 million Seed Round to develop its pioneering minimally invasive diagnosis devices.

University of Nottingham spin-out company Cerca Magnetics has been awarded £2m as part of £45 million government investment in the UK's quantum sector for wearable brain imaging research to help detect early signs of dementia.

Infleqtion, the world’s leading quantum information company, today announced it has acquired two integrated silicon photonics companies: SiNoptiq Inc. and Morton Photonics Inc. These acquisitions enable Infleqtion to expedite plans for chip-scale integration of lasers and photonic and atomic systems, which is essential for commercializing quantum products, such as sensors and quantum computers, as well as bolstering the overall quantum supply chain and enabling quantum manufacturing at scale.

D-Wave Quantum announced the addition of Kirstjen Nielsen, former U.S. Secretary of the Department of Homeland Security, to its board of directors. Secretary Nielsen joins D-Wave as the company continues to drive increasing enterprise and government adoption of quantum technology.