- CEO
- Alan E. Baratz
- Full Time Employees
- 388
- Sector
- Electronic technology
- Industry
- Computer processing hardware
- Address
- Palo Alto United States
- IPO Date
- Oct 11, 2020
- Business
- D-Wave Quantum Inc. is a commercial quantum computing company engaged in the development, delivery, and integration of quantum hardware systems, cloud-based quantum services, and software toolkits for enterprise optimization and scientific computation. Founded in 1999 and headquartered in Burnaby, British Columbia, Canada, the company delivers quantum solutions to commercial enterprises, research institutions, national laboratories, and government agencies across North America, Europe, and the Asia-Pacific region.
The company offers a comprehensive suite of hardware, cloud, and software solutions, including: the Advantage quantum computing system, a commercial annealing platform featuring more than 5,000 qubits and 15-way Pegasus connectivity topology engineered for complex combinatorial optimization; the Advantage2 quantum system and prototypes, an advanced annealing architecture incorporating over 4,400 qubits, 20-way Zephyr connectivity topology, increased coherence times, and higher energy scales; the Leap quantum cloud service, a proprietary platform providing real-time, on-demand cloud access to quantum processing units, administrative management tools, and integrated development environments; the Ocean software development kit, an open-source suite of Python tools, libraries, and application programming interfaces for formulating and submitting quadratic unconstrained binary optimization and constrained quadratic models; the Leap Hybrid Solver Service, a managed solution combining classical high-performance computing resources with quantum annealing processors to solve enterprise-scale optimization problems with up to millions of variables; and D-Wave Launch, a professional services and onboarding program offering technical consulting, proof-of-concept modeling, algorithm design, and custom application development.
In recent corporate and technical developments, D-Wave has advanced its dual-platform roadmap by making upgraded Advantage2 quantum annealing prototypes with multi-qubit Zephyr connectivity and fast-anneal capabilities commercially accessible via Leap, while continuing research and hardware development on scalable gate-model quantum computing systems utilizing fluxonium qubit technology. The company has broadened its global commercial partnerships and application deployments across logistics, defense, telecommunications, and manufacturing through strategic engagements with entities including Davidson Technologies, NTT DOCOMO, NEC Corporation, and European research centers such as Forschungszentrum Jülich. To strengthen its financial position and support ongoing hardware scaling and go-to-market initiatives, D-Wave has optimized its balance sheet through equity financing facilities and debt restructurings, while expanding sovereign and enterprise quantum computing initiatives across key international markets.