Vancouver-based Photonic has swapped CEOs as the company prepares to commercialize its quantum computing technology.
The British Columbia quantum company announced last Friday that CEO Paul Terry has transitioned to chief product officer (CPO) after six and a half years at the helm.
The executive shuffle comes two months after Photonic secured $180 million CAD in the first close of its latest investment round.
Photonic has named Don Mattrick, a pioneering Canadian video game entrepreneur and seasoned executive, as Terry’s replacement.
Mattrick, who is one of Photonic’s first investors, has been tasked with helping Photonic scale its commercial operations.
At Microsoft, Mattrick helped grow the US tech giant’s Xbox division and develop Kinect.
Photonic is currently participating in Canada’s new Quantum Champions Program, modelled after the US DARPA Quantum Benchmarking Initiative (Photonic has also advanced to the second phase of the latter program). »