D-Wave Quantum (NYSE:QBTS) is a technology company headquartered in Burnaby, British Columbia, that specializes in the development and commercialization of quantum computing systems. Founded in 1999, D-Wave became the first company to sell quantum annealing computers when it introduced its inaugural system in 2011. Over the past two decades, the company has advanced quantum hardware architectures, focusing on quantum annealing processes designed to address complex optimization problems with potential applications across a range of industries.
The company’s product portfolio includes a series of quantum annealing processors, notably the D-Wave 2000Q and Advantage systems, which utilize thousands of quantum bits (qubits) to explore solution spaces in parallel. In addition to on-premises hardware, D-Wave offers cloud-based access to its quantum processors via its Leap platform, enabling researchers and enterprise users to submit quantum and hybrid workflows without maintaining dedicated infrastructure. D-Wave’s Ocean software development kit supports algorithm development, problem formulation, and integration with classical computing resources to create hybrid quantum-classical solutions.
D-Wave serves a global customer base that spans academic institutions, corporate research labs, and government agencies. Its technology has been employed in applications ranging from logistics and supply-chain optimization to machine learning, material science, and cybersecurity. The company maintains offices and research collaborations in North America, Europe, and Asia, and has established partnerships with leading organizations such as Volkswagen, Lockheed Martin, and several major universities to explore real-world use cases of quantum computing.
In September 2021, D-Wave completed its merger with a special purpose acquisition company and began trading on the New York Stock Exchange under the ticker QBTS. Under the leadership of Chief Executive Officer Alan Baratz and a team that includes co-founders Geordie Rose and Haig Farris, D-Wave continues to refine its annealing hardware, expand its cloud services, and drive adoption of quantum computing solutions. The company’s ongoing research and development efforts aim to scale qubit performance and broaden the practical impact of quantum technologies.
