D-Wave

Quantum-Processors • Quantum-Cloud • Canada
⚖️ Compare with Other Companies
1999
Founded
Canada
Country
Public
Status
$1025M
Total Raised

About D-Wave

D-Wave

In 2024-2025, D-Wave reported an 83% increase in bookings for its annealing quantum computing technology across the Asia Pacific region. The company’s flagship Advantage2 system employs over 5,000 qubits designed for solving complex combinatorial optimization problems, celebrating 25 years of quantum annealing development. D-Wave launched the fast-anneal feature, which allows users to perform quantum computations at unprecedented speeds, reducing the impact of external disturbances. Recent performance comparisons demonstrated that D-Wave’s Advantage2 prototype outperformed IBM’s gate-model quantum computer in solution quality and speed for optimization tests. Researchers successfully translated complex financial problems like currency arbitrage into formats suitable for rapid solution using quantum annealing on the Advantage2 computer. NTT DOCOMO achieved a 15% reduction in congestion at base stations through a quantum optimization pilot project in 2024 using D-Wave’s technology.

Company Information

  • Founded: 1999
  • Country: Canada
  • Website: https://dwavesys.com
  • Categories: quantum processors, quantum cloud

Investment Information

  • Status: public
  • Ticker: QBTS
  • Total Raised: $1025M
  • Market Cap: $5.3B (September 2025)
  • Last Valuation: $5.34B

Recent Funding Rounds

  • 2022-08-08: ipo - $300M - NYSE listing through SPAC merger with DPCM Capital
  • 2025-01-15: strategic - $400M - At-the-market equity offering completion
  • 2024-12-12: strategic - $175M - At-the-market equity offerings completion
  • 2024-01-23: strategic - $150M - At-the-market equity offering at $6.10 per share

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Company Information

📅

Founded

1999

🌍

Country

Canada

🌐
🏷️

Categories

Quantum Processors Quantum Cloud

Investment Information

📊

Status

Public

📈

Ticker

QBTS

💰

Total Raised

$1025M

🏦

Market Cap

$5.3B (September 2025)

4 funding rounds tracked. View detailed investment history →

Categories & Regions

Categories

Region

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