CIX Top 20: D-Wave Systems Inc.

Posted by Rob Lewis

Newly minted CEO of D-Wave Systems Vern Bromwell stepped up in the #5 slot at today's CIX Top 20 and gave the VC-heavy audience a quick tutorial on quantum computing. Based in Burnaby, BC, D-Wave Systems is pioneering the development of a new class of high-performance computing system designed to solve complex search and optimization problems, with an initial emphasis on synthetic intelligence and machine learning applications.

D-Wave is currently in the R&D phase of designing, fabricating, testing and operating AQCs and the software systems required to program and use them.  Initially, D-Wave will target sales of systems to institutions who wish to conduct cutting edge research in experimental and theoretical quantum information science.

D-Wave is a privately held corporation. Since their founders' round in May 1999, they have raised $70 Million from institutional investors including Draper Fisher Jurvetson, Goldman Sachs, GrowthWorks Capital, and BDC Venture Capital.

Company:
D-Wave Systems
Website:
http://www.dwavesys.com
Location:
Vancouver, British Columbia, Canada

Founded in 1999, D-Wave's mission is to integrate new discoveries in physics and computer science into breakthrough new approaches to computation. The company's flagship product, the D-Wave OnTM, is built around a novel type of superconducting processor that uses quantum mechanics to massively accelerate computation. In 2010 Lockheed Martin purchased serial number 1, completing the historic world?s first sale of a... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media Inc. and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can... more



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