D-Wave - About the company
D-Wave is a public company based in Burnaby (Canada), founded in 1999 by , and . It operates as a Developer of integrated universal quantum computers and software. D-Wave has raised $256M in funding from investors like Goldman Sachs, DFJ and BDC. The company has 4 active competitors, including 2 funded and 2 that have exited. Its top competitors are Rigetti Computing, Qolab and Quantum Circuits.
Company Details
Developer of integrated universal quantum computers and software. Its product portfolio includes a universal quantum computer and open-source software that solves problems on both the company's quantum processors and classic hardware architectures. Its cloud platform enables application developers to access their quantum computers and an expanded quantum application environment in real-time to develop custom applications.
- Website
- Social
- Email ID
- @dwavesys.com
- Phone Number
- +1
Key Metrics
Founded Year
1999
Location
Burnaby, Canada
Stage
Public
Total Funding
in 13 rounds
Latest Funding Round
Investors
Ranked
2nd among 4 active competitors
Annual Revenue
as on Dec 31, 2024
Similar Companies
Exit Details
Public
Legal entities associated with D-Wave
D-Wave is associated with 2 legal entities given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
Mar 18, 2003 | - | 215 | 722 | |
$7.17M (as on Dec 31, 2022) | 924 | 459 |
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D-Wave's funding and investors
D-Wave has raised a total funding of $256M over 13 rounds. Its first funding round was on 2008. Its latest funding round was a Grant (prize money) round on Mar 11, 2021 for $40M. 1 investor participated in its latest round, which include Goldman Sachs, Western Technology Investment, DFJ and Fidelity Investments.
D-Wave has 26 institutional investors including Goldman Sachs, DFJ and BDC.
Here is the list of recent funding rounds of D-Wave:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Mar 11, 2021 | $40M | Grant (prize money) | 6662164 | 1649812 | |
Dec 04, 2019 | $10M | Series F | 6807869 | 1805003 | |
Feb 22, 2018 | $20M | Series F | 9951555 | 2164201 |
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D-Wave's founders and board of directors
The founders of D-Wave are , and . is the CEO of D-Wave. has founded 2 more companies - Sanctuary AI and Kindred.
View details of D-Wave's Founder profiles and Board Members
D-Wave's Competitors and alternates
Top competitors of D-Wave include Rigetti Computing, Qolab and Quantum Circuits. Here is the list of Top 10 competitors of D-Wave, ranked by ÃØÃÜÑо¿Ëù score :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | ÃØÃÜÑо¿Ëù Score |
|---|---|---|---|---|---|
1st | Rigetti Computing 2013, Berkeley (United States), Public | Developer of an AI-powered full-stack quantum computing solution based on superconducting qubits | $198M | Sutter Hill Ventures, Bessemer Venture PartnersÌý&²¹³¾±è;Ìý | 79/100 |
2nd |  1999, Burnaby (Canada), Public | Developer of integrated universal quantum computers and software | $256M | Goldman Sachs, Western Technology InvestmentÌý&²¹³¾±è;Ìý | 61/100 |
3rd | Qolab 2022, Los Angeles (United States), Series A | Offering superconducting qubits for various applications | $19.5M | , Phoenix Venture PartnersÌý&²¹³¾±è;Ìý | 55/100 |
4th | Quantum Circuits 2015, New Haven (United States), Series B | Develops quantum computers using superconducting quantum circuits | $105M | Canaan, Arch Venture PartnersÌý&²¹³¾±è;Ìý | 52/100 |
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D-Wave's Investments and acquisitions
D-Wave has made no investments or acquisitions yet.
Reports related to D-Wave
Here is the latest report on D-Wave's sector:
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News related to D-Wave
Media has covered D-Wave for a total of 77 events in the last 1 year, 44 of them have been about company updates and 13 about partnerships.
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MarketBeat•Apr 13, 2025•D-Wave
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Kaldata•Apr 02, 2025•D-Wave
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Business Wire•Mar 31, 2025•, D-Wave
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Hpcwire•Mar 31, 2025•D-Wave
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MarketBeat•Mar 22, 2025•, D-Wave
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Seeking Alpha•Mar 21, 2025•D-Wave
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Hpcwire•Mar 21, 2025•D-Wave
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Business Wire•Mar 20, 2025•D-Wave
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Frequently asked questions about D-Wave
When was D-Wave founded?
D-Wave was founded in 1999.Where is D-Wave located?
D-Wave is located in Burnaby, Canada.When was the latest funding round of D-Wave?
D-Wave's latest funding round was on Mar 11, 2021.What is the annual revenue of D-Wave?
Annual revenue of D-Wave is $8.83M as on Dec 31, 2024.Our Lite Plan Awaits you - Its Free!
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