Davidson Technologies
Multi-year agreement: a D-Wave Advantage2 annealing quantum computer is operational at Davidson's Huntsville, Alabama HQ for U.S. government applications (2025).
D-Wave Quantum
QuantumNasdaq: QBTSBurnaby, BC
Builds annealing quantum computers (Advantage2) with cloud access via its Leap service. Founded in Burnaby, BC in 1999; now US-headquartered, with its quantum R&D and manufacturing centre still in Burnaby.
Canadian innovation builds a brighter tomorrow.
About
Company site: dwavequantum.comBuilds annealing quantum computers (Advantage2) with cloud access via its Leap service. Founded in Burnaby, BC in 1999; now US-headquartered, with its quantum R&D and manufacturing centre still in Burnaby.
Announced general availability of its sixth-generation Advantage2 annealing quantum computer (4,400+ qubits), via the Leap cloud and for on-premises purchase (May 2025). dwavequantum.com
Its FY2025 10-K places corporate HQ in Palo Alto, CA (moving to Boca Raton, FL); its Quantum Engineering Centre of Excellence — most R&D and manufacturing — remains in Burnaby, BC. sec.gov
Announced a voluntary transfer of its stock listing from NYSE to Nasdaq, effective after market close July 24, 2026, keeping the QBTS ticker. ir.dwavequantum.com
Funding & Investors
Announced rounds only, newest first. Undisclosed amounts are shown as undisclosed.
At-the-market equity offering ($400M gross)
Jul 1, 2025
Undiscloseddwavequantum.comAt-the-market equity offering ($150M gross)
Jan 23, 2025
Undiscloseddwavequantum.comAt-the-market equity offerings ($175M gross)
Dec 12, 2024
Undiscloseddwavequantum.comSPAC merger with DPCM Capital (NYSE listing; net proceeds after redemptions)
Aug 5, 2022
US$21.4Msec.govInvestors: PSP Investments, NEC Corporation, Goldman Sachs Asset Management, Yorkville Advisors, Aegis Group Partners
Venture round ($28.4M per SEC filing)
Jul 10, 2014
Undisclosedtechcrunch.comInvestors: Fidelity Canada Fund, Goldman Sachs, Draper Fisher Jurvetson, Business Development Bank of Canada
Total disclosed: US$21.4MLatest: At-the-market equity offering ($400M gross) · Jul 1, 2025
Partnerships
Publicly announced partnerships.
NTT DOCOMO
Quantum optimization pilot cut mobile network paging congestion by 15%; DOCOMO plans to deploy the hybrid-quantum solution across its Japanese branch offices (2024).
Forschungszentrum Jülich
Jülich purchased a D-Wave Advantage system — the first HPC centre to own one — with plans to couple it to the JUPITER exascale supercomputer (2025).
Government & Grants
Government support actually received. Unpublished amounts are left out.
Strategic Innovation Fund (ISED) — $40M contribution toward a $120M quantum computing project
2021newswire.caU.S. National Science Foundation — National Quantum Virtual Laboratory ERASE project ($1,566,250 grant, selected June 2026)
2026dwavequantum.com
Recent News
- Mar 12, 2025Research
Beyond Classical: D-Wave First to Demonstrate Quantum Supremacy on Useful, Real-World Problem
D-Wave announced a peer-reviewed result in which its Advantage2 annealing quantum computer simulated magnetic materials faster than classical supercomputing methods.
People
Sourced from the company's own pages or announcements.
Alan Baratz
Chief Executive Officer
Eric Ladizinsky
Co-founder & Chief Scientist
Geordie Rose
Co-founder (1999; no longer at the company)
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