Article 2PSM3 D-Wave Lands $50M Funding for Next Generation Quantum Computers

D-Wave Lands $50M Funding for Next Generation Quantum Computers

by
staff
from High-Performance Computing News Analysis | insideHPC on (#2PSM3)
dwave.jpg

Today D-Wave Systems announced that it has received up to $50 Million in funding from PSP Investments. This facility brings D-Wave's total funding to approximately US$200 million. The new capital is expected to enable D-Wave to deploy its next-generation quantum computing system with more densely-connected qubits, as well as platforms and products for machine learning applications. "This commitment from PSP Investments is a strong validation of D-Wave's leadership in quantum computing," said Vern Brownell, CEO of D-Wave. "While other organizations are researching quantum computing and building small prototypes in the lab, the support of our customers and investors enables us to deliver quantum computing technology for real-world applications today. In fact, we've already demonstrated practical uses of quantum computing with innovative companies like Volkswagen. This new investment provides a solid base as we build the next generation of our technology."

The post D-Wave Lands $50M Funding for Next Generation Quantum Computers appeared first on insideHPC.

External Content
Source RSS or Atom Feed
Feed Location http://insidehpc.com/feed/
Feed Title High-Performance Computing News Analysis | insideHPC
Feed Link https://insidehpc.com/
Reply 0 comments