D-Wave
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
Investment Information
Status
Public
Ticker
QBTS
Total Raised
$1025M
Market Cap
$5.3B (September 2025)
4 funding rounds tracked. View detailed investment history →
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