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September 03, 2015 6:24 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

Canada

Founded in 1999

Phone:

604-630-1428

Fax:

604-630-1434

Key Executives for D-Wave Systems Inc.

Chief Executive Officer, President and Director
Age: 56
Co-Founder and Chief Technology Officer
Co-Founder and Chief Scientist
Co-Founder and Director
Vice President of Finance and Controller
Compensation as of Fiscal Year 2015.

D-Wave Systems Inc. Key Developments

D-Wave Systems Announces the General Availability of the 1000+ Qubit D-Wave 2X Quantum Computer

D-Wave Systems Inc. announced the general availability of the D-Wave 2X™ quantum computing system. The D-Wave 2X features a 1000+ qubit quantum processor and numerous design improvements that result in larger problem sizes, faster performance and higher precision. At 1000+ qubits, the D-Wave 2X quantum processor evaluates all 21000 possible solutions simultaneously as it converges on optimal or near optimal solutions, more possibilities than there are particles in the observable universe. No conventional computer of any kind could represent this many possibilities simultaneously, further illustrating the powerful nature of quantum computation. The D-Wave 2X demonstrates a factor of up to 15x gains over highly specialized classical solvers in nearly all classes of problems examined. Measuring only the native computation time of the D-Wave 2X quantum processor shows performance advantages of up to 600x over these same solvers.

D-Wave Systems Appoints Bill Blake as Executive VP of Research and Development

D-Wave Systems Inc. announced that Bill Blake has joined the firm as Executive VP of Research and Development, responsible for hardware engineering, processor development, software and fab process design functions. Bill has been a technology leader in the high performance computing industry for three decades. Most recently, Bill was CTO of Cray Inc., responsible for defining Cray's next generation of supercomputers and solutions including major initiatives in exascale computing and the fusion of supercomputing and large-scale data analytics.

D-Wave Systems Mulls Listing

D-Wave Systems Inc. is planning to get listed. According to the news report, a possible stock market listing would provide an exit for shareholders including The Goldman Sachs Group, Inc. (NYSE:GS), Draper Fisher Jurvetson, and the Canadian government. Chief Executive, Vern Brownell described D-Wave’s backers as ‘visionary and patient’ and said they had been ready get the firm listed. However, the official; indicated that the company hoped that it would soon be in a position for an IPO (initial Public Offering).

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