D-Wave Systems Closes $30M in Funding

dwaveD-Wave Systems Inc., a Vancouver, Canada-based commercial quantum computing company, closed $30m in funding.

Backers included Goldman Sachs, BDC Capital, Harris & Harris Group and DFJ.

The company, which has now raised a total of $160m, intends to use the funds to advance and scale its quantum computing technology, accelerate software development and build a software application ecosystem.

Founded in 1999 and led by Vern Brownell, CEO, D-Wave Systems integrates discoveries in physics, engineering, manufacturing, and computer science into new approaches to computation to help solve some of the world’s most complex challenges. Its flagship product, the 512-qubit D-Wave Two™ computer, is built around a novel type of superconducting processor that uses quantum mechanics to massively accelerate computation.
Customers include prominent organizations such as Lockheed Martin, Google and NASA.

The company has offices are located in Palo Alto, California and Vienna, Virginia.



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