NYSE:QBTSSoftware
D-Wave Quantum Expands With Quantum Circuits Deal And Enterprise QCaaS Growth
D-Wave Quantum (NYSE:QBTS) agreed to acquire Quantum Circuits in a US$550 million deal, expanding from quantum annealing into gate-model quantum computing.
The company secured a US$10 million, two year enterprise contract with a Fortune 100 customer for its quantum computing services.
Management describes the Quantum Circuits technology as potentially reducing error rates and supporting development of gate-based, error-corrected processors.
D-Wave Quantum focuses on commercial quantum...