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D-Wave
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Short description

Manufacturer of quantum computers

Founded in 1999
Founded in

Company type Public Public (QBTS)
Company type

Industry Group energy & power

Sector energy efficient computing

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Burnaby, BC Burnaby, Canada
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Updated by Cleantech Group on 07/01/2024

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Date Company
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Date Partner Type
05/25/2011
Lockheed Martin Lockheed Martin
Lockheed Martin was the first to purchase one of D-Wave's quantum computers and will work with the company to further analyze and enhance its capabilities.
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Confirmed by Lockheed Martin
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Investment Rounds
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IPO INFORMATION

Date

08/05/2022

IPO status

Listed

IPO Type

SPAC

Amount

$291M

Initial shares

Ticker symbol

QBTS

Exchange listed

NYSE

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Description

D-Wave will merge with DPCM Capital in a transaction expected to produce $340 million (closed at $291M) in cash and result in a roughly $1.6 billion initial market valuation. The deal is expected to be completed in the second quarter of 2022 and the new company will be traded on the New York Stock Exchange under the symbol QBTS.

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Date Investors Type Amount
12/04/2019 (0)
Post-money valuation of
This debt funding was disclosed via regulatory filing.
 Structured Debt $7,945,258
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