D-Wave Launches in AWS Marketplace

Rhea-AI Summary

D-Wave Quantum Inc. (NYSE: QBTS) has launched its offerings on AWS Marketplace, marking the first time AWS customers can access D-Wave's Leap quantum cloud service. This strategic move aligns with rising interest in quantum technology, as reported by Hyperion Research, which indicates that 70% of companies have initiated in-house quantum programs. D-Wave's offerings include services like Quantum Proof of Concept and Quantum Consulting Services, which aim to help businesses adopt quantum solutions for complex challenges.

Positive

• D-Wave launches offerings in AWS Marketplace, enhancing visibility and accessibility for customers.
• Leap quantum cloud service allows access to advanced quantum computing technologies, potentially driving customer adoption.
• 70% of surveyed companies have in-house quantum programs, indicating strong market demand for quantum solutions.

Negative

• No significant negative aspects reported.

Will offer AWS Marketplace customers access to D-Wave’s Leap quantum cloud service for the first time

BURNABY, British Columbia & PALO ALTO, Calif.--(BUSINESS WIRE)-- D-Wave Quantum Inc. (NYSE: QBTS) – a leader in quantum computing systems, software, and services, and the only quantum computing company building both annealing and gate-model quantum computers – today announced that it has launched in AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS). AWS Marketplace customers will be able to easily purchase a variety of quantum computing offerings from D-Wave™, including access to the Leap™ quantum cloud service. D-Wave is the first and only pure-play quantum computing company with offerings available in AWS Marketplace.

D-Wave is listing in AWS Marketplace at a time when organizations are increasingly turning to quantum technology to solve their most challenging business problems. Hyperion Research recently found that nearly 70% of companies surveyed have an in-house quantum computing program, citing increased revenue, cost savings, enhanced business processes, innovation, and competitive advantage as key business priorities that are potentially achievable with quantum computing. Numerous real-world, commercial applications have been developed by companies including BBVA, Deloitte, GSK, Lockheed Martin, Menten AI, Save-On-Foods, and Volkswagen to run on D-Wave’s quantum systems and its hybrid solvers, representing use cases spanning logistics and manufacturing, transportation and mobility, portfolio optimization, preventative health care, airline scheduling, and more.

To facilitate the development and production of practical quantum computing applications, D-Wave is introducing four offerings in AWS Marketplace, including:

• Leap Quantum Cloud Service: The Leap quantum cloud service provides real-time access to D-Wave’s state-of-the-art quantum computers and a quantum-classical hybrid solver service that can handle problems with up to one million variables and 100,000 constraints. Leap will be available in AWS Marketplace soon, and Amazon Braket customers will be directed to the AWS Marketplace to access the D-Wave system.
• Quantum Proof of Concept: In a Quantum Proof of Concept, D-Wave helps customers validate a selected quantum use case through detailed problem discovery, problem definition, development of an initial prototype solution, and testing with representative application data.
• Quantum Feature Selection for Machine Learning: With increasing data sets comes increasing complexity, especially when it comes to feature selection, a fundamental building block of machine learning. This program focuses on utilizing quantum hybrid approaches to optimize feature selection in model training and prediction.
• Quantum Consulting Services: To help customers get started with quantum or implement a quantum solution, D-Wave’s Launch™ service combines technical enablement, products and services. Utilizing powerful quantum hybrid solutions and professional service consulting, the Launch service helps customers solve complex problems and deliver real business value.

“The era of commercial quantum computing is here. Forward-looking organizations are increasingly turning to quantum computing to find solutions for today’s complex and computationally intensive business problems, ultimately to reduce costs and increase revenue,” said Mark Snedeker, senior vice president of growth at D-Wave. “By launching in AWS Marketplace, we’re introducing our Leap quantum computing service to AWS customers, enabling them to quickly and easily start deriving business value from quantum computing, today.”

D-Wave, a pioneer in the quantum industry, was the first to deliver a commercial quantum computer and is a full-stack quantum computing provider. D-Wave’s fifth generation quantum computer, Advantage™, features 5000+ qubits configured in the highly connected Pegasus topology. The company has a blue-chip customer base, counting more than twenty of the Forbes Global 2000 as customers. With its professional services-enabled application development, D-Wave is the only quantum computing company that supports business applications at production scale today.

About D-Wave Quantum Inc.
D-Wave is a leader in the development and delivery of quantum computing systems, software, and services, and is the world’s first commercial supplier of quantum computers—and the only company building both annealing quantum computers and gate-model quantum computers. Our mission is to unlock the power of quantum computing today to benefit business and society. We do this by delivering customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. D-Wave’s products are being used by some of the world’s most advanced organizations, including NEC Corporation, Volkswagen, DENSO, Lockheed Martin, Forschungszentrum Jülich, University of Southern California, and Los Alamos National Laboratory.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which statements are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties, and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. We caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, which are subject to a number of risks. Forward-looking statements in this press release include, but are not limited to, statements regarding the company’s future growth and innovations; the increased adoption of quantum computing solutions and expansion of related market opportunities and use cases; and the timing of AWS Marketplace offerings. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including general economic conditions and other risks, our ability to expand our customer base and the customer adoption of our solutions, and the uncertainties and factors set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in D-Wave Quantum Inc.’s Form S-4 Registration Statement, as amended, previously filed with the Securities and Exchange Commission, as well as factors associated with companies, such as D-Wave, that are engaged in the business of quantum computing, including anticipated trends, growth rates, and challenges in those businesses and in the markets in which they operate; the outcome of any legal proceedings that may be instituted against us; risks related to the performance of our business and the timing of expected business or financial milestones; unanticipated technological or project development challenges, including with respect to the cost and/or timing thereof; the performance of our products; the effects of competition on our business; the risk that we will need to raise additional capital to execute our business plan, which may not be available on acceptable terms or at all; the risk that we may never achieve or sustain profitability; the risk that we are unable to secure or protect our intellectual property; volatility in the price of our securities; and the risk that our securities will not maintain the listing on the NYSE. Furthermore, if the forward-looking statements contained in this press release prove to be inaccurate, the inaccuracy may be material. In addition, you are cautioned that past performance may not be indicative of future results. In light of the significant uncertainties in these forward-looking statements, you should not place undue reliance on these statements in making an investment decision or regard these statements as a representation or warranty by any person we will achieve our objectives and plans in any specified time frame, or at all. The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221021005086/en/

Jill Wroblewski

AxiCom

media@dwavesys.com

Source: D-Wave Quantum Inc.

FAQ

What did D-Wave Quantum announce recently?

D-Wave Quantum announced the launch of its offerings on AWS Marketplace, including the Leap quantum cloud service.

What is the significance of D-Wave's launch in AWS Marketplace?

The launch allows AWS customers to access D-Wave's quantum computing technologies for the first time, potentially increasing adoption.

How many companies reported having in-house quantum computing programs?

According to Hyperion Research, nearly 70% of surveyed companies have established in-house quantum computing programs.

What services does D-Wave offer on AWS Marketplace?

D-Wave offers services such as Quantum Proof of Concept, Quantum Feature Selection for Machine Learning, and Quantum Consulting Services on AWS Marketplace.