Quantum Computing Firm D-Wave gets $30 Million Investment

Posted by Rob Lewis

In 1999 D-Wave Systems was spun out of the University of British Columbia to commercialize superconductor-based, quantum computer processors.

In 2011, the Canadian Innovation Exchange (CIX) awarded Dr. Geordie Rose, founder and Chief Technology Officer of D-Wave Systems with the inaugural CIX Innovator of the Year Award.

Today Vancouver-headquarterd D-Wave Systems announced that they have raised a $30 million round from investors including the firm that manages Amazon founder Jeff Bezos's venture investments and an investment arm of the Central Intelligence Agency.

The investments, from Bezos Expeditions and In-Q-Tel, mark a vote of confidence in the potential for practical applications for the emerging technology underpinning quantum computing.

D-Wave already has a blue-chip investor base including Business Development Bank of Canada, Draper Fisher Jurvetson, Goldman Sachs, and Growthworks.

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 On, is built around a novel type of superconducting processor that uses quantum mechanics to massively accelerate computation. In 2010 Lockheed Martin purchased serial #1, completing the historic world's first sale of a commercial quantum computer.

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

Founded in 1999, D-Wave Systems is the first commercial quantum computing company. Our mission is to integrate new discoveries in physics, engineering, manufacturing, and computer science into breakthrough approaches to computation that help solve some of the world’s most complex challenges. Today D-Wave is the recognized leader in the development, fabrication, and integration of superconducting quantum computers.... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media 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 be... more




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