# D-Wave Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/d-wave-systems

- Industry: Hardware
- Headquarters: Palo Alto, US
- Website: www.dwavesys.com
- Total disclosed funding: $61M
- Latest round: Series D (Oct 4, 2012)
- Investors on record: 12

## About

Based in Canada, D-Wave Systems Inc. specializes in the development of quantum computing solutions, facilitating advanced computational capabilities for complex problem-solving across various industries.Founded in 1999 and headquartered in Palo Alto, US, D-Wave Systems Inc. focuses on quantum computing technologies. The company has undergone strategic pivots to enhance its offerings and was involved in 22 funding deals, including its latest funding round which raised USD 175.00 mn. The current CEOs are Alan Baratz, Bruno Luiz, and Ilsuk Lim.D-Wave Quantum specializes in practical quantum computing solutions, primarily offering its Advantage™ quantum computer and the Leap™ quantum cloud service. The Advantage™ system is designed for business and research applications, enabling users to solve complex optimization challenges rapidly, where traditional supercomputers would take an impractical amount of time. Key use cases include workforce scheduling, production scheduling, vehicle routing, and resource optimization, making it relevant across various industries such as manufacturing, logistics, and public sector services. The Leap™ service provides real-time access to D-Wave's quantum computing capabilities via a cloud-based platform, catering to a global clientele that includes enterprises and research institutions seeking to leverage the power of quantum technology for operational excellence. D-Wave's offerings are marketed not only in North America but also in Europe and Asia, allowing a diverse array of customers to access their solutions.D-Wave Quantum generates revenue primarily through its subscription-based Leap™ quantum cloud service and partnerships with enterprises that utilize its Advantage™ quantum computer for specialized applications. Clients engage in structured transactions where they subscribe to access quantum computing resources, with pricing models reflecting the scale and complexity of the services utilized. The company's revenue streams are bolstered by the Launch Program, which guides enterprises through problem discovery to production implementation, further establishing long-term client relationships. D-Wave's model emphasizes B2B transactions, targeting businesses and research entities that require high-performance computing solutions for intricate problem-solving. The firm's customer base includes notable companies across multiple sectors, demonstrating the market demand for quantum computing applications in real-world scenarios.D-Wave Systems Inc. intends to leverage recent funding from Gallant Investment Partners to enhance its product offerings and expand its market reach. The company is focused on the development of new quantum computing products aimed at addressing specific client needs. This initiative aligns with D-Wave's strategy to enter new geographic markets, including increased penetration in Europe and Asia, by the end of the next fiscal year. In March 2026, D-Wave Systems Inc. raised USD 500,000 in grant funding

## Funding rounds

- Series D, Oct 4, 2012, $7.2M — In-Q-Tel, Bezos Expeditions
- Series D, Aug 13, 2012, $23M — Draper Fisher Jurvetson, Kensington Capital Partners, BDC Capital, GrowthWorks Capital, Discovery Capital Management, 180 Degree Capital, International Investment & Underwriting, Goldman Sachs Asset Management
- Series C, Jan 31, 2008, $17M — Draper Fisher Jurvetson, BDC Capital, GrowthWorks Capital, British Columbia Investment Management Corporation, 180 Degree Capital, International Investment & Underwriting, Pender Ventures
- Series B, May 16, 2006, $14M — Draper Fisher Jurvetson, BDC Capital, GrowthWorks Capital, British Columbia Investment Management Corporation, 180 Degree Capital

## Investors

- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Series B, Series C, Series D
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series B, Series C, Series D
- GrowthWorks Capital (https://capitalatlas.ai/funds/growthworks-capital) — Series B, Series C, Series D
- British Columbia Investment Management Corporation — Series B, Series C
- 180 Degree Capital (https://capitalatlas.ai/funds/180-degree-capital) — Series B, Series C, Series D
- International Investment & Underwriting (https://capitalatlas.ai/funds/international-investment-underwriting) — Series C, Series D
- Pender Ventures (https://capitalatlas.ai/funds/pender-ventures) — Series C
- Kensington Capital Partners — Series D
- Discovery Capital Management (https://capitalatlas.ai/funds/discovery-capital-management) — Series D
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series D
- In-Q-Tel (https://capitalatlas.ai/funds/in-q-tel) — Series D
- Bezos Expeditions — Series D