D-Wave Quantum
D-Wave Quantum (QBTS) is a publicly traded Quantum Annealing company founded in 1999 and based in Palo Alto, United States.
D-Wave commercializes quantum annealing systems optimized for combinatorial optimization problems. D-Wave's Advantage system has over 5,000 qubits and customers include Volkswagen, Lockheed Martin, and Los Alamos National Lab. The company went public via SPAC in 2022 and acquired Quantum Circuits Inc. (Yale spin-out, gate-model) for $550M in January 2026.
The first company to sell a commercial quantum computer and the longest-operating pure-play, with over 25 years in the market.
At a glance
Total raised
$49M
Headcount
201-500
Headquarters
Palo Alto
United StatesFounded
1999
Status
Public
Latest valuation
Where D-Wave Quantum ranks
Top 25 Quantum Computing companies →Funding history
Total raised
$49M
Rounds tracked
1
Latest stage
IPO
Latest valuation
$1.6B
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Aug 8, 2022 | IPO | $49M | $1.6B | — |
