D-Wave | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

D-Wave is the leader in the development and delivery of quantum computing systems, software, and services. It is the world's first...


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D-Wave is the leader in the development and delivery of quantum computing systems, software, and services. It is the world's first commercial supplier of quantum computers, specializing in both annealing and gate-model quantum computers. The company aims to unlock the power of quantum computing for various applications, including logistics, artificial intelligence, materials sciences, drug discovery, and more. D-Wave's systems are utilized by advanced organizations globally, and it offers a comprehensive suite of products and services to support the quantum computing journey.

Website
Headquarters
Palo Alto, California
Size
51-200 employees
Industry
IT Services and IT Consulting

🛍️ D-Wave Product and Pricing News →

👔 D-Wave CEO, Management and Leadership Team →

⚔️ D-Wave Alternatives and Competitors →

💼 D-Wave Hiring and Layoffs →

🤖 D-Wave Developer, Integration and Automation News →

📈 D-Wave Financials, Fundraising and Valuation News →

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🛍️ D-Wave Product and Pricing News

  • D-Wave's new 4,400+ qubit Advantage2 quantum processor demonstrates the company's commitment to advancing quantum computing performance, as noted by Heather West, Research Manager at IDC.
  • D-Wave has introduced a new protocol allowing quantum processing units to use annealing times as short as 5 nanoseconds, significantly reducing from previous minimums of 0.5 or 1 microseconds.
  • D-Wave introduced a new fast anneal feature that solved 200 million problems, but the payment model led to a $1 dilution.
  • Alan Baratz, CEO of D-Wave, announced that registration is open for their quantum computing event Qubits25.
  • D-Wave is participating in the Quantum Technologies Forum at USC, where Quantum Murray will discuss breakthroughs in annealing quantum computing.

  • Alan Baratz, CEO of D-Wave, argues for the reauthorization and expansion of the National Quantum Initiative to maintain US technological leadership.
  • On October 31, 2024, D-Wave announced it achieved 'Awardable' status in the US Department of Defense's Tradewinds Solutions Marketplace, allowing DoD customers to access its annealing quantum computing technologies.
  • D-Wave will participate in a fireside chat with Los Alamos National Laboratory at SXSW 2025 to discuss quantum tools in materials science.

👔 D-Wave CEO, Management and Leadership Team


⚔️ D-Wave Alternatives and Competitors

  • Infleqtion
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  • Entropica Labs
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  • Pasqal
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  • QC Ware
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  • IonQ
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  • Rigetti
  • |
  • Xanadu
  • |
  • VoodooPC
  • |
  • Tulip

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💼 D-Wave Hiring and Layoffs

  • John DiLullo has joined D-Wave as a Board Member in the United States, previously serving in a similar role at another company.
  • D-Wave appointed John DiLullo and Rohit Ghai to its board to boost the adoption of annealing quantum computing.
  • D-Wave announced two new board members with strong cybersecurity and M&A experience following recent resignations.
  • D-Wave appointed John DiLullo and Rohit Ghai as new board members to support the market adoption of its quantum computing solutions.
  • D-Wave is currently hiring for the position of Vertical Sales Lead, Research Labs & Universities in the United States.

  • On November 5, 2024, D-Wave directors John DiLullo and Rohit Ghai were each granted 87,035 shares.
  • D-Wave is hiring a DevOps Developer II in Burnaby, BC, offering a salary range of $103,000 - $154,000 and company ownership opportunities.

🤖 D-Wave Developer, Integration and Automation News

  • D-Wave announced that NTT DOCOMO plans to deploy a hybrid-quantum application using D-Wave's technology to optimize mobile network performance, potentially reducing signal congestion and equipment costs.
  • D-Wave's CQM quantum-hybrid solver helped NTT DOCOMO handle a 20% increase in active devices on their telecom network.
  • Alan Baratz, CEO of D-Wave, highlighted their collaboration with Japan Tobacco in a Twitter post on October 29.


📈 D-Wave Financials, Fundraising and Valuation News

  • D-Wave has entered into a $50 million Term Loan agreement with PSPIB to support its growth and operational needs.
  • D-Wave's stock (QBTS) experienced a significant drop due to pre-earnings dilution concerns, with nearly 1 million shares traded pre-market on November 11.
  • D-Wave will announce its third quarter FY24 financial results on November 14.
  • D-Wave's recent quantum processing unit model led to a $30 million cost to investors due to a loan default and dilution.
  • D-Wave is rumored to be acquiring Zapata AI and is hiring a lead AI sales representative.


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