Fidelity invests $30M in Sherbrooke quantum startup Nord Quantique at $1.4B valuation; fourth Canadian quantum firm to hit 10-figure worth amid global race for commercial quantum computing by 2033

Nord Quantique valued at $1.4-billion as Fidelity backs Sherbrooke quantum startup, sources say

Open this photo in gallery:Nord Quantique CEO Julien Camirand Lemyre shows off a qubit at the quantum computing startup's lab in Sherbrooke, Que., on May 12, 2025.Evan Buhler/The Globe and MailA fourth Canadian-founded quantum computing startup has secured a 10-figure valuation. Nord Quantique Inc. quietly raised US$30-million in March from fund-management giant Fidelity in a deal valuing the Sherbrooke, Que.-based technology developer at US$1.4-billion, said three sources familiar with the matt...