- Established by the American Institute of Certified Public Accountants and recognized worldwide, the SOC 2 Type 2 examination is designed for organizations of any size, regardless of industry and scope, to ensure the personal assets of their potential and existing customers are protected.
- SOC 2 Type 2 compliance is part of D-Wave’s ongoing efforts to support customers’ production deployments of quantum and hybrid-quantum applications.
- The company completed its first SOC 2 Type 2 audit in December 2023 and plans to perform these assessments every year.
D-Wave Quantum (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the first commercial provider of quantum computers, announced that it has completed its second SOC 2 Type 2 audit, a reflection of its ability to provide customers with secure, enterprise-grade quantum computing solutions. The company completed its first SOC 2 Type 2 audit in December 2023 and has maintained this rigorous compliance standard, demonstrating its ongoing commitment to customer data security and protection (https://ibn.fm/uK7ig).
The SOC 2 Type 2 audit was established by the American Institute of Certified Public Accountants (“AICPA”) and is recognized worldwide as confirmation that a company’s operations, procedures, policies, staff, infrastructure and software were formally reviewed. The audit is designed for any kind of organization across industries, with the goal of ensuring that companies safeguard and protect the personal assets of potential and existing customers.
D-Wave’s SOC 2 Type 2 audit was conducted by leading compliance assessor A-LIGN, a technology-enabled security and compliance partner trusted by more than 2,500 global organizations to help mitigate cybersecurity risks. “Congratulations to D-Wave for once again completing its SOC 2 audit, a widely recognized signal of trust and security,” said Steve Simmons, COO of A-LIGN. “It’s great to work with organizations like D-Wave, who understand the value of expertise in driving an efficient audit and the importance of a high-quality final report.”
Maintaining SOC 2 Type 2 compliance serves as independent confirmation of D-Wave’s efforts to protect customer data, at a time when organizations are seeking trusted partners and vendors to reduce privacy risks and meet compliance standards.
The renewed compliance comes as D-Wave is implementing a number of measures to support customers’ production deployments of quantum and hybrid-quantum applications. One such measure, announced in October 2024, is the introduction of service-level agreements (“SLAs”) tailored for Leap(TM) quantum cloud service customers who are transitioning applications into production. By establishing formal SLAs, the company reinforces the Leap cloud service’s levels of availability, reliability and scalability, as well as its ability to support requirements for commercial-grade quantum and hybrid-quantum applications.
The company will continue to perform SOC 2 Type 2 assessments every year and make the latest report available to current or potential customers upon execution of a nondisclosure agreement.
“At D-Wave we maintain a focused effort to provide commercial-grade security measures and mitigate risk for enterprises looking to scale their deployment of quantum computing solutions,” said Dr. Trevor Lanting, chief development officer at D-Wave. “With customers increasingly using our quantum solutions to support daily operations, security is paramount. Our SOC 2 compliance recognizes our leadership in using industry-standard best practices to protect our customers’ data.”
For more information, visit the company’s website at www.dwavequantum.com.
NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS
Forward Looking Statements
Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the risks set forth under the heading “Risk Factors” discussed under the caption “Item 1A. Risk Factors” in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.
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