D-Wave Finalizes $100M U.S. Government Agreement for Quantum Computing R&D

Insider BriefPRESS RELEASE — D-Wave Quantum Inc. (NASDAQ: QBTS) (“D-Wave” or the “Company”), the only dual-platform quantum computing company providing both annealing and gate-model systems, software and services, today announced the execution of a definitive agreement with the U.S. Department of Commerce based on the previously announced Letter of Intent. D-Wave now has access to up to $100 million of U.S. CHIPS and Science Act funding.“We’re grateful to the U.S. government for this award to D-Wave and for the leadership it is demonstrating in advancing quantum innovation,” said Dr. Alan Baratz, CEO of D-Wave. “The Administration has made clear that U.S. quantum leadership will require not only breakthrough research, but also the ability to scale, commercialize and manufacture these technologies. This award will help fulfill that mission by expanding domestic quantum capabilities, strengthening the underlying supply chain and bringing increasingly powerful quantum systems to market.”This funding is expected to accelerate R&D for the development and scaling of D-Wave’s annealing and gate-model quantum systems. The award will support development of D-Wave’s next-generation quantum computers, including a 100,000-qubit annealing system targeting greater performance across optimization, materials simulation, blockchain and artificial intelligence. It will also further the development of a 10,000-qubit gate-model system designed to enable 100 logical qubits capable of successfully performing more than one million operations, enabling applications such as quantum chemistry and quantum AI.These efforts advance broader CHIPS and Science Act objectives by strengthening domestic quantum computing capacity and the supply chain needed to bring state-of-the-art systems to market.The U.S. Department of Commerce will receive a minority, non-controlling equity stake in D-Wave as a condition for receiving the funds, enhancing the return for the U.S. taxpayer.TopicsShare Get the latest research, company news, and market intelligence every week. MENTIONED IN THE ARTICLED-Wave Quantum is a pioneering dual-platform quantum computing company that partners with aerospace organizations to solve complex logistical, defense, and satellite challenges. Founded in 1999, the company’s quantum annealing technology is utilized by industry leaders like Lockheed Martin to optimize aircraft networks, improve manufacturing efficiencies, and support critical national security initiatives.The U.S. Department of Commerce is a federal executive department responsible for creating the conditions for economic growth and opportunity in the United States. Through its 13 bureaus, it drives U.S. economic competitiveness, strengthens domestic industry, and supports job growth. The Department fosters innovation in emerging technologies, including quantum computing and artificial intelligence, and provides research and development resources through agencies such as NIST and NTIA.More in Research The Quantum Insider (TQI) is the leading source for the latest quantum technology news, market intelligence, industry analysis, and data covering the global quantum ecosystem. NEWSROOMPLATFORMSERVICESCOMPANY© 2026 The Quantum Insider. All rights reserved. Part of the Resonance networkOne of our team will be in touch to learn more about your requirements, and provide pricing and access options.Subscribe to our industry leading leading newsletter for the latest in quantum news and insights. Necessary cookies are always on to ensure the website works. Optional cookies help us understand how the site is used. Privacy Policy