October 21, 2016 11:21 PM ET

Technology Hardware, Storage and Peripherals

Company Overview of D-Wave Systems Inc.

Company Overview

D-Wave Systems Inc. develops, fabricates, and integrates superconducting quantum computers. The company offers The D-Wave Two System, a commercial quantum computer. Its quantum computers are used in various applications, including mission planning/scheduling and logistics, software/hardware validation and verification, pattern recognition and anomaly detection, network science and graph theory applications, image and pattern recognition, machine learning, communication, advanced search, optimization problems, graph theory problems, material science, climate modeling, bioinformatics, weather predictions, exploring quantum computing, risk modeling, trading strategies, financial analysis and fo...

3033 Beta Avenue

Burnaby, BC V5G 4M9


Founded in 1999





Key Executives for D-Wave Systems Inc.

Chief Executive Officer, President and Director
Age: 57
Co-Founder and Chief Technology Officer
Co-Founder and Chief Scientist
Co-Founder and Director
Chief Financial Officer
Age: 63
Compensation as of Fiscal Year 2016.

D-Wave Systems Inc. Key Developments

D-Wave Systems Inc. Forms Independent Subsidiary for U.S. Government Business; Appoints Executives for D-Wave Government Inc

D-Wave Systems Inc. announced the formation of D-Wave Government Inc., a U.S. subsidiary formed to provide D-Wave's quantum computer systems to the U.S. government. The company also announced the members of the subsidiary's independent board, which include prominent executives with deep experience at U.S. government agencies including the Department of Energy, the Department of Defense, the National Science Board, the Defense Science Board and the Intelligence Community. The company appointed executives for the D-Wave Government Inc. Jeffrey K. Harris, board chair, has contributed to US national security in both government and industry for 40 years. At Lockheed Martin he was President of Special Programs and President of Lockheed Martin Missiles and Space. Dr. Delores Etter, who served as the Deputy Under Secretary of Defense for Science and Technology and Assistant Secretary of the Navy. She has been a member of the National Science Board and the Defense Science Board. Frances Fleisch, former Executive Director of the National Security Agency and special advisor to the U.S. Strategic Command. Ms. Fleisch earned Presidential Rank Awards several times and the National Intelligence Distinguished Service Medal and served in many key posts during a career of more than 30 years in government. Dr. Donald M. Kerr, whose long and distinguished career in government and private industry included serving as Principal Deputy Director of National Intelligence, Director of the National Reconnaissance Office, Deputy Director of the CIA for Science and Technology, Assistant Secretary of Energy and Director of the Los Alamos National Laboratory. Dr. Kerr is vice chairman of the MITRE Board of Trustees and serves on other boards and panels. Vern Brownell, CEO of D-Wave Systems Inc. Before joining D-Wave in 2009, Mr. Brownell founded and held executive positions at Egenera, a pioneer of infrastructure virtualization, and at Goldman Sachs as the chief technology officer. V. Paul Lee, board chair of D-Wave Systems Inc., and managing partner of Vanedge Capital. Mr. Lee was formerly the president of Electronic Arts Inc. (EA), the global leader in interactive software. Don Listwin, director of D-Wave Systems Inc. Mr. Listwin has over 25 years of operating experience including senior leaderships roles at Cisco Systems and CEO roles at Openwave Systems.

D-Wave Systems Inc. Previews 2000-Qubit Quantum System

D-Wave Systems Inc. announced details of its most advanced quantum computing system, featuring a new 2000-qubit processor. The announcement is being made at the company's inaugural users group conference in Santa Fe, New Mexico. The new processor doubles the number of qubits over the previous generation D-Wave 2X™ system, enabling larger problems to be solved and extending D-Wave's significant lead over all quantum computing competitors. The new system also introduces control features that allow users to tune the quantum computational process to solve problems faster and find more diverse solutions when they exist. In early tests these new features have yielded performance improvements of up to 1000 times over the D-Wave 2X system. D-Wave's quantum system runs a quantum annealing algorithm to find the lowest points in a virtual energy landscape representing a computational problem to be solved. The lowest points in the landscape correspond to optimal or near-optimal solutions to the problem. The increase in qubit count enables larger and more difficult problems to be solved. The new control features enable the system to find the lowest points more efficiently, and include: The ability to tune the rate of annealing of individual qubits to enhance application performance; The ability to sample the state of the quantum computer during the quantum annealing process to power hybrid quantum-classical machine learning algorithms that were not possible before; The ability to combine quantum processing with classical processing to improve the quality of both optimization and sampling results returned from the system.

D-Wave Systems Inc. Appoints Dan Cohrs as Chief Financial Officer

D-Wave Systems Inc. announced that Dan Cohrs has joined the team as chief financial officer. Prior to joining D-Wave, Mr. Cohrs was executive vice president and chief financial officer of Rentech Inc. and Rentech Nitrogen Partners. Mr. Cohrs served for five years as executive vice president and chief financial officer of Global Crossing (since acquired by Level 3 Communications).

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