D-Wave Quantum

D-Wave Quantum

Delivers quantum computing hardware, software, cloud

Overview

D-Wave Systems provides quantum computing hardware, software, and cloud services for real-world business use. It develops practical quantum applications for manufacturing, logistics, biotech, and pharmaceuticals to solve optimization tasks like scheduling, resource allocation, and routing, as well as drug discovery and medical imaging. Access is via its Advantage2 quantum annealing processor (1,200 qubits, 10,000 couplers) delivered through cloud and hybrid workflows that blend quantum and classical computing. The company differentiates itself with an industry-focused portfolio, a mix of hardware, software, consulting, and a developer community, aiming to make quantum computing usable for businesses and to expand its hardware capabilities.

Funded Recently

About D-Wave Quantum

Simplify's Rating
Why D-Wave Quantum is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Hardware

Enterprise Software

AI & Machine Learning

Company Size

201-500

Company Stage

IPO

Headquarters

Boca Raton, Florida

Founded

1999

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Simplify's Take

What believers are saying

  • Record bookings and large QCaaS deals show growing enterprise demand.
  • NSF and CHIPS-related funding expands research credibility and government relationships.
  • Optimization focus fits scheduling, routing, logistics, and drug-discovery workflows.

What critics are saying

  • Revenue remains fragile, with Q1 2026 sales down sharply and losses widening.
  • IonQ and larger rivals can outspend D-Wave on fidelity, software, and sales.
  • Technical obsolescence can relegate annealing to a niche before 2032.

What makes D-Wave Quantum unique

  • Only commercial supplier offering both annealing and gate-model quantum systems.
  • Leap cloud delivers 99.9% uptime with enterprise access to quantum resources.
  • D-Wave Launch converts pilots into production through phased professional services.

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Funding

Total Funding

$1.5B

Above

Industry Average

Funded Over

25 Rounds

Grant funding comparison data is currently unavailable. We're working to provide this information soon!
Grant Funding Comparison
Coming Soon

Stock Price

Growth & Insights

Headcount

6 month growth

2%

1 year growth

-2%

2 year growth

-3%

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