D-Wave Quantum (NYSE:QBTS) (NYSE:QBTS) is a pioneering developer of quantum computing systems, software, and services designed to tackle complex computational challenges that traditional computers struggle to solve. Established in 1999 and headquartered in Burnaby, British Columbia, the company has been at the forefront of commercializing quantum annealing technology. D-Wave’s quantum processors leverage quantum mechanical phenomena to address optimization, sampling, and machine learning problems, positioning the firm as an early leader in practical quantum computing applications.
The company’s hardware product lineup includes its Advantage™ and D-Wave 2000Q™ quantum systems, which offer thousands of qubits interconnected via a proprietary architecture. These systems are used by academic institutions, government agencies, and enterprise customers seeking to accelerate solutions for logistics optimization, portfolio risk analysis, and material discovery. Complementing its hardware, D-Wave provides the Leap™ quantum cloud service, giving subscribers remote access to quantum resources alongside hybrid solvers that integrate quantum processing with classical computing frameworks.
D-Wave operates across North America, Europe, and the Asia-Pacific region, collaborating with partners such as NASA, Volkswagen, and financial institutions to explore real-world applications of quantum computing. The company maintains research collaborations with universities and national laboratories, contributing to both the theoretical foundations and practical implementations of quantum annealing and gate-model quantum computing. Through these initiatives, D-Wave seeks to expand its ecosystem, accelerate software development, and drive adoption among industries ranging from aerospace and automotive to pharmaceuticals and cybersecurity.
Leadership at D-Wave combines expertise in quantum physics, engineering, and business development. Co-founders Geordie Rose and Haig Farris laid the groundwork for the company’s early innovations, and today’s executive team is led by Chief Executive Officer Alan Baratz, who brings extensive experience in enterprise software and cloud services. Under this leadership, D-Wave continues to refine its hardware performance, broaden its software stack, and build strategic partnerships to advance quantum computing from experimental labs into mainstream commercial use.
