D-Wave Systems

D-Wave Systems

Canadian Company developing quantum computing systems, software, and services.

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
  • Pattern recognition and anomaly detection
  • 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.

Company

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.

Timeline

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.

Funding rounds

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Funding type
Funding round amount (USD)
Funding round date
Investment
D-Wave Systems funding round, October 2012
30,000,000
October 4, 2012
4 Results
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People

Name
Role
LinkedIn

Alan Baratz

CEO

Alexandre Zagoskin

Founder

Anik Lanthier

Board of Directors , Senior Vice President, Public Markets and Absolute Return Strategies

Bob Wiens

Founder

Dan Cohrs

CFO

Don Listwin

Board of Directors

Eric Ladizinsky

Co-Founder and Chief Scientist

François Lachance

Board of Directors , PSP Investments

Geoff Catherwood

Board of Directors , Business Development Bank of Canada

Geordie Rose

Founder

Haig Farris

Founder

Haig Farris

Board of Directors , Fractal Capital

Jennifer Houston

Senior Vice President, Marketing

Steve Jurvetson

Board of Directors , Future Ventures

Steven M. West

Board of Directors

Tanya J. Rothe

General Counsel

V. Paul Lee

Board of Directors , Vanedge Capital Partners, D-Wave Board Chair

Victoria Brydon

Vice President, Human Resources

Warren Wall

Executive Vice President, Corporate Affairs

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References

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