- D-Wave’s quantum and quantum-hybrid solutions are uniquely suited for solving today’s optimization problems
- The company’s offerings aim to deliver customer value across several industries including logistics and supply chain, financial services, manufacturing, and life sciences, to name a few
- Boston Consulting Group estimates the near-term TAM for quantum hardware, software and service providers to be $400 million to $1 billion in the next three to five years
D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services focused on delivering customer value via practical quantum applications, was recently featured in an article by TBD Media on the Reuters website titled Quantum Computing Emerges as Key to Solving Complex Business Problems (https://ibn.fm/EFJ6j). The company was profiled as one of “50 Leaders of Change” for its work in fueling the adoption of commercial quantum computing solutions, as enterprises seek solutions that help maximize efficiencies, decrease costs, fuel innovation and increase revenue. D-Wave is the world’s first commercial quantum computing company, solving businesses’ most complex computational challenges, spanning areas that include logistics, artificial intelligence, materials sciences, drug discovery, scheduling, fraud detection, and financial modeling.
D-Wave aims to deliver customer value through easy-to-use, practical quantum applications that can address a broad range of businesses’ optimization problems, today. The company delivers quantum hardware, software – including the Leap(TM) quantum cloud service, and services. Its quantum and quantum-hybrid solutions combine the strengths of classical and quantum computing resources to tackle multiple challenges faced by businesses.
“We’re solving real, important problems for businesses. Today’s market environment is forcing business leaders to find new ways to cut costs, improve operational efficiencies and expand revenue. Practical quantum computing is a near-term solution that can help navigate these challenges, now. Enterprises can’t afford to wait,” said Dr. Alan Baratz, CEO of D-Wave. ”As we look to the future, we expect that the types of problems we’ll be able to solve will have unimaginable impact, not only on business but also on society. We expect the D-Wave legacy will be that it was the company that enabled quantum computing for the world and enabled quantum computing to transform all industries to the betterment of society.”
D-Wave’s relentless pursuit of practical quantum computing has resulted in its technology being used by some of the world’s most advanced enterprises, with customers that include more than two dozen Forbes Global 2000 companies. Commercial customers include blue-chip leaders like Volkswagen, Mastercard, Deloitte, Davidson Technologies, ArcelorMittal, Siemens Healthineers, Unisys, Accenture, BBVA, NEC Corporation, Pattison Food Group Ltd., DENSO and Lockheed Martin.
D-Wave also owns one of the largest quantum computer intellectual property portfolios in the industry, including more than 210 US patents and over 100 peer-reviewed papers in leading scientific journals.
D-Wave’s current commercial product offerings include:
- Advantage(TM) – fifth generation quantum computer
- Leap(TM) – quantum cloud service
- Launch(TM) – quantum computing onboarding service
- Ocean(TM) – full suite of open-source programming tools
- Quantum QuickStart(TM) – quantum computing training
According to Boston Consulting Group, the total addressable market (“TAM”) for quantum hardware, software and service providers is estimated between $400 million and $1 billion over the next three to five years. It is expected to have a substantial impact on multiple industries.
By building both gate-model and annealing quantum computers, D-Wave’s cross-platform approach is expected to bring the power of both models to solve the biggest problems faced by industry (https://ibn.fm/S5b8g). D-Wave is driving near-term impact with long-term potential.
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
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