D-Wave Quantum
Quantum annealing systems and hybrid solvers; public since 2022.
Quant Score history
Share price
What they do
D-Wave Quantum is best known for quantum annealing, a specialized approach well suited to optimization and sampling problems, and delivers it as a cloud service through its Leap platform. It is also developing gate-model superconducting systems to broaden its addressable problem set.
Listed on the NYSE, D-Wave has one of the longest commercial track records in the industry, with production deployments among enterprises and governments for scheduling, logistics and other optimization workloads.
Strengths & weaknesses
- +Longest commercial track record in the sector with real production customers
- +Annealing hardware already scales to thousands of qubits for optimization
- +Cloud-delivered Leap platform with an established developer community
- –Annealing is not universal — limited to optimization/sampling problem classes
- –Gate-model program is earlier-stage and unproven at scale
- –Modest revenue base relative to capital needs
- !Financing and dilution risk common to pre-profit quantum firms
- !Debate over quantum advantage for annealing on practical workloads
Score breakdown
€300m SPAC, aug. 2022.
50th percentile within Annealing.
~200 employees.
90th percentile within Annealing.
Funding history
€400m total raised · rounds below sum to €300m (includes undisclosed rounds)
Filings & earnings
Signals
Management
Major shareholders
Similar companies
Links & resources
Company website↗Investor relations↗Leap developer portal↗Sources: Dealroom · EPO · USPTO · arXiv · Company filings — Updated weekly · ▼ 0.8 (30d)