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D-Wave Systems

D-Wave Systems

D-Wave Systems is a Canadian company that designs and manufactures quantum computing and superconducting electronics, and AI software.


D-Wave is a leader in the development of quantum computing systems, software, and services. They were the first company to supply commercial quantum computers. D-Wave’s quantum computers utilize quantum dynamics to accelerate and enable new methods for solving discrete optimization, sampling, material science, and machine learning problems. Their technology uses a process called quantum annealing that harnesses the natural tendency of real-world quantum systems to find low-energy states.

D-Wave’s systems are being used by organizations, including Lockheed Martin, Google, NASA Ames, Volkswagen, DENSO, USRA, USC, Los Alamos National Laboratory, and Oak Ridge National Laboratory. Users have developed applications in areas such as:

  • Optimization
  • Machine learning
  • Cybersecurity
  • Image analysis
  • Financial analysis
  • Software/hardware verification and validation
  • Bioinformatics/cancer research
  • Traffic flow
  • Manufacturing processes
  • Internet advertising placement

In 2018, D-Wave launched Leap™, a quantum cloud service and Quantum Application Environment (QAE), that allows access to a live quantum computer. Clients gain access to open-source development tools, interactive demos, educational resources, and knowledgebase articles.

As well as quantum systems and software, D-Wave provides quantum-inspired machine learning services, application development services, and custom fabrication of superconducting circuits.


The company was founded in 1999 by Haig Farris (Former Chairman), Geordie Rose (Former CEO/CTO), Bob Wiens, and Alexandre Zagoskin (Former Chief Scientist). Headquartered in Burnaby, British Columbia, D-Wave has offices in Palo Alto, California, Hanover Maryland, London, United Kingdom, and Tokyo, Japan.

D-Wave Systems has raised a total of $204.7M in funding over 15 rounds. They have received over $75 million worth of customer contracts from quantum systems sales and subscriptions.


August 2022
D-Wave Systems raises a $40,000,000 initial public offering from Goldman Sachs Asset Management, PSP Investments and Yorkville Advisors.
March 2021
D-Wave Systems raises a $40,000,000 grant from Government of Canada.
December 10, 2019
D-Wave Systems announces a partnership with Japanese industrial giant NEC to build “hybrid apps and services” that work on a combination of NEC high-performance computers and D-Wave’s quantum systems.
December 2019
D-Wave Systems raises a $9,662,089 venture round.
January 31, 2008
D-Wave Systems raises a $17,000,000 series C round from 180 Degree Capital Corp, BC Investment Management, DFJ and PenderFund Capital Management.
May 16, 2006
D-Wave Systems raises a $14,000,000 series B round from 180 Degree Capital Corp, BC Investment Management and DFJ.
D-Wave Systems was founded by Alexandre Zagoskin, Bob Wiens, Eric Ladizinsky, Geordie Rose and Haig Farris.

Funding Rounds


Further Resources


Status Page - D-Wave Systems


February 12, 2022


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