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D-Wave Quantum

Palo Alto, California, United States · Artificial Intelligence, Consulting, Cyber Security · 220 employees

D-Wave Quantum Inc. is a leader in the development and delivery of quantum computing systems, software, and services. The company is the world’s first commercial supplier of quantum computers, building both annealing quantum computers and gate-model quantum computers. Their mission is to unlock the power of quantum computing today to benefit business and society.

Funding history

  • Funding Round — $275.0M — Jan 2026
  • Funding Round — $400.0M — Jul 2025

Recent signals

  • Jun 01, 2026: SEC 8-K (7.01): On June 1, 2026, D-Wave Quantum Inc. announced a significant new gate-model roadmap aimed at accelerating commercial, fault-tolerant quantum computing. The roadmap targets achieving 100 logical qubits capable of executing over one million operations by 2032, leveraging D-Wave's expertise in high-coherence dual-rail qubits and quantum error correction. This strategic initiative includes a series of technical milestones focused on enhancing qubit fidelity and scaling superconducting quantum systems, which could greatly impact D-Wave's market position and technological advancements in quantum computing.
  • May 29, 2026: Acquired D-Wave Quantum merges with Quantum Circuits LLC
  • May 26, 2026: SEC 8-K (7.01): On May 26, 2026, D-Wave Quantum Inc. announced that it has been awarded continued funding for their SQFab project, focusing on Improved Materials for Superconducting Qubits with Scalable Fabrication. This funding comes from the Northeast Regional Defense Technology Hub (NORDTECH) and is awarded to D-Wave's subsidiary, Quantum Circuits, LLC. The SQFab project is part of a broader initiative by the U.S. Department of War to support innovative programs through a consortium of semiconductor R&D facilities, government labs, and academic institutions, which signifies a strategic partnership in defense technology and quantum computing advancements.
  • May 21, 2026: SEC 8-K (8.01): On May 21, 2026, D-Wave Quantum Inc. announced it signed a Letter of Intent (LOI) for $100 million in proposed funding under the U.S. CHIPS and Science Act, administered by the U.S. Department of Commerce. This funding aims to accelerate the development and scaling of D-Wave's annealing and gate-model quantum systems. Key activities include the establishment of an R&D facility in Boca Raton, Florida, along with expansions at its existing R&D centers in New Haven, Connecticut, and Burnaby, BC, Canada. This strategic funding is crucial for enhancing D-Wave's technological capabilities and market position in the quantum computing industry.
  • May 12, 2026: SEC 8-K (2.01): On May 12, 2026, D-Wave Quantum Inc. announced its financial results for the first quarter ended March 31, 2026, highlighting key developments in the company's performance. This event is crucial as it provides insight into the company's operational success and market position. The results were shared through a press release, which included supplemental information aimed at investors, reflecting significant financial data and strategic updates. The announcement may influence investor sentiment and stock performance.
  • May 05, 2026: Dr. Alan Baratz Update to Employment Agreement at D-Wave Quantum
  • Apr 29, 2026: SEC 8-K (5.02): On April 30, 2026, D-Wave Quantum Inc. and its subsidiary, D-Wave Commercial Inc., executed the Third Amendment to the Amended and Restated Employment Agreement with Dr. Alan Baratz, their President and Chief Executive Officer. This amendment reflects updates to Dr. Baratz's compensation arrangements as approved by the Board of Directors. The specific financial terms were not disclosed in the filing, but the agreement is significant as it pertains to the leadership remuneration and strategic planning of the company. This update is crucial for investors monitoring management decisions and their potential impact on corporate performance and governance.
  • Mar 14, 2026: Acquired D-Wave to acquire Quantum Circuits for $550M

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