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D-Wave Quantum Inc. (symbol: QBTS) is a pioneering company in the field of quantum computing. Leveraging advanced quantum systems, software, and services, D-Wave Quantum is setting a new standard in computational power and efficiency. Founded with the mission to harness the unique capabilities of quantum mechanics, the company delivers value across a range of industries.
From logistics and artificial intelligence to materials sciences and drug discovery, D-Wave’s quantum solutions address some of the most complex problems in modern science and business. Their technology is applied in optimizing scheduling, enhancing cybersecurity, improving fault detection processes, and advancing financial modeling. This broad applicability underscores the versatility and significance of their quantum computing solutions.
Headquartered in the United States, D-Wave Quantum Inc. generates a significant portion of its revenue domestically but maintains a global footprint. The company’s recent achievements include the development of new quantum algorithms that enhance computational speed and accuracy, as well as successful partnerships with leading entities in various sectors. These collaborations have led to practical quantum applications that deliver measurable improvements in efficiency and problem-solving capabilities.
Financially, D-Wave Quantum is focused on sustainable growth, ensuring that its advancements in technology translate to tangible customer value and shareholder returns. Their commitment to innovation is evident in their continuous research and development efforts, aimed at pushing the boundaries of what quantum computing can achieve.
Stay updated with the latest developments, financial performance, and strategic initiatives of D-Wave Quantum Inc. as they continue to lead the charge in the quantum computing revolution.
D-Wave Quantum (NYSE: QBTS) and Staque have developed a commercial hybrid-quantum application for optimizing autonomous agriculture vehicle movements. The solution, built in collaboration with Verge Ag and supported by Canada's DIGITAL Global Innovation Cluster, aims to streamline agricultural operations for thousands of fields in real-time.
The application represents one of the first customer-facing, real-world quantum computing products for agricultural optimization. Traditional computation methods typically require days or weeks for solutions, while this hybrid-quantum application has demonstrated significant speed improvements over classical approaches. The technology is being showcased at World Fira 2025 and Qubits 2025.
The initiative addresses the complex challenge of robot routing in agricultural environments, which cannot be efficiently solved using classical computers. The solution aims to increase crop production, drive efficiencies, and lower farming costs through quantum-optimized decision-making.
D-Wave Quantum (NYSE: QBTS) announced a new offering enabling research centers, academic institutions, and governments to purchase on-premises D-Wave Advantage quantum computing systems. The systems feature over 5,000 qubits and 15-way connectivity, making them the world's largest annealing quantum computers.
Forschungszentrum Jülich (FZJ) becomes the first high-performance computing center to purchase a D-Wave Advantage system. The offering includes installation, maintenance, and assistance in setting up local hybrid quantum solvers. D-Wave also introduced the 'Quantum Uplift' program, providing financial incentives to organizations dissatisfied with competitor quantum systems.
The initiative aims to drive advanced research in artificial intelligence and quantum simulation, addressing challenges like AI's increasing power consumption. According to Hyperion Research, nearly 20% of respondents prioritize on-site quantum computing infrastructure for control, security, and immediacy.
D-Wave Quantum Inc. (NYSE: QBTS) announced that Forschungszentrum Jülich (FZJ) has purchased a D-Wave Advantage annealing quantum computing system, becoming the first high-performance computing center globally to own this technology. The system, featuring over 5,000 qubits and 15-way connectivity, will be integrated with JUPITER, Europe's first exascale supercomputer, marking the world's first coupling of an annealing quantum computer with an exascale system.
The system will be upgraded to D-Wave's next-generation Advantage2 quantum processor unit when available, promising doubled coherence, increased connectivity, and a 40% boost to energy scale. Notable research achievements using D-Wave's system at JUNIQ include studies on protein folding with potential implications for Alzheimer's and Parkinson's diseases, advancements in understanding electron interactions in materials, and insights into quantum physical processes during universe formation.
D-Wave Quantum (NYSE: QBTS) has announced its Qubits 2025 quantum computing user conference, scheduled for March 31 and April 1 in Scottsdale, Arizona. The event, themed 'Quantum Realized', will showcase how D-Wave's quantum technology is delivering practical value today.
The conference will feature presentations from D-Wave executives, customers, and industry leaders, including IDC and notable organizations like Davidson Technologies, Jülich Supercomputing Centre, Japan Tobacco, and NTT DOCOMO. Topics will cover quantum optimization, hardware system development, scientific advancements, and the intersection of quantum and AI.
The event aims to demonstrate how organizations can apply quantum computing to address computational challenges beyond classical computers' capabilities. D-Wave will offer a free livestream of the first day's talks for virtual attendees.
D-Wave Quantum (NYSE: QBTS) launched its new integrated brand campaign, 'Quantum Realized', featuring an open letter from CEO Dr. Alan Baratz in The Wall Street Journal about quantum computing's commercial viability. The campaign introduces three key benchmarks for evaluating quantum companies: superior problem-solving capabilities compared to classical computers, highly performant and reliable quantum systems, and proven commercial customer successes.
D-Wave claims to be the only company meeting all these criteria, highlighting its $320M cash balance, multiple 5,000+ qubit systems solving customer problems, and 99.9% quantum cloud service up-time. The campaign will be promoted through digital and print advertising, events including Qubits 2025 conference, and the company's sponsorship of the International Year of Quantum Science and Technology.
D-Wave Quantum (NYSE: QBTS) has successfully completed a $150 million at-the-market equity offering program, selling shares at an average price of $6.10 per share, representing a 3.7% premium over the Volume Weighted Average Price during the four-day sale period from January 15th to January 21st.
The company's current cash balance stands at approximately $320 million. The funds will be allocated to working capital and capital expenditures to support ongoing technical development efforts and business operations. According to CEO Dr. Alan Baratz, this equity offering provides the necessary capital to execute their operating plan toward sustained profitability and positive cash flow.
D-Wave, a leader in quantum computing systems, emphasizes its position in commercializing quantum computing with deployed customer applications, quantum computers capable of solving complex problems, and new market developments in quantum optimization and quantum AI.
D-Wave Quantum (NYSE: QBTS) has launched the Leap Quantum LaunchPad™ program, offering free 3-month trial access to its quantum computing technology and expertise. The initiative aims to accelerate the deployment of quantum computing applications for business and scientific problems.
The program provides access to D-Wave's Advantage™ quantum computers featuring 5,000+ qubits and sub-second solve times, along with the Leap™ real-time quantum cloud service offering 99.9% uptime. Participants receive technical guidance from quantum and optimization experts.
Currently, D-Wave serves over 100 commercial, government, and research customers, with users submitting more than 200 million problems to their systems. Applications include employee scheduling, production scheduling, resource optimization, logistics routing, cargo loading, and academic research.
D-Wave Quantum (NYSE: QBTS) has announced a strategic partnership with Carahsoft Technology Corp. to expand its quantum computing solutions in the public sector. Under this agreement, Carahsoft will act as D-Wave's Master Government Aggregator, making quantum computing technologies accessible through various government contract vehicles including NASA SEWP V and ITES-SW2.
The partnership aims to increase visibility and adoption of D-Wave's solutions among U.S. Government and Public Sector entities. The offering includes access to D-Wave Advantage quantum computing systems through the Leap quantum cloud service, workforce training programs, and specialized support for developing public sector applications.
The collaboration focuses on addressing various public sector priorities, including national defense, intelligence, emergency response, energy reliability, and infrastructure optimization. Solutions will be distributed through Carahsoft's reseller network, targeting government agencies facing complex optimization challenges.
D-Wave Quantum announced that its fiscal year 2024 bookings will exceed $23 million, marking an approximate 120% increase from fiscal year 2023. This growth is driven by the first-ever customer purchase of the D-Wave Advantage™ annealing quantum computing system, the world's largest quantum computer with over 5,000 qubits and 15-way connectivity. This sale signifies a major expansion in D-Wave’s revenue model by including on-premise system sales. The company also reported that fiscal 2024 Q4 bookings will reach at least $18 million, a 500% increase compared to the $3 million in Q4 of fiscal 2023. D-Wave ended fiscal year 2024 with a record cash position of approximately $178 million. CEO Dr. Alan Baratz highlighted the rapid adoption of D-Wave’s quantum systems, emphasizing their ability to solve complex computational problems more efficiently.
D-Wave Quantum (NYSE: QBTS) CEO Dr. Alan Baratz responded to NVIDIA CEO Jensen Huang's comments about quantum computing's readiness on CNBC's The Exchange. Baratz emphasized that while Huang's assessment might apply to gate model quantum computers, it's incorrect for annealing quantum computers, which are commercially available and solving real-world problems today.
Baratz highlighted that D-Wave's quantum computers can solve materials simulation problems in minutes that would take millions of years on the fastest supercomputers, including GPU-based systems. The company's annealing quantum computing technology is being used for optimization problems across industries, including workforce scheduling, production scheduling, logistics routing, and resource optimization. Currently, over 100 organizations are utilizing D-Wave's quantum technologies both on-premise and via cloud services.
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