Quantum computing firm D-Wave Systems has secured a $30 million round of equity funding from In-Q-Tel and an investment firm run by Amazon.com founder Jeff Bezos.
In-Q-Tel said D-Wave will use the funds for its commercial operations as part of a growth strategy that includes technological innovation and quantum computing applications development.
“Our intelligence community customers have many complex problems that tax classical computing architectures,” said Robert Ames, In-Q-Tel vice president of information and communication technologies. “We believe our customers can benefit from the promise of quantum computing, and this investment in D-Wave is a first step in that direction.”
“Jeff Bezos and In-Q-Tel are well-known visionaries,” said D-Wave CEO Vern Brownell. “Both understand the implications of quantum computing as a world changing force, and these investments affirm their belief in D-Wave’s unique approach to quantum computing.
D-Wave’s other investors include Business Development Bank of Canada; Draper Fisher Jurvetson; Goldman Sachs; Growthworks; Harris & Harris Group; International Investment and Underwriting; and Kensington Partners Ltd.
Recent coverage of In-Q-Tel’s partnerships on ExecutiveBiz:
In-Q-Tel, Tenable Network Security Form Info Security Tech Partnership; Peter Kuper, Ron Gula Comment
In-Q-Tel Invests in Open Source Big Data Firm; Robert Ames Comments
In-Q-Tel Partnership Aims to Give Intell Agencies Private Cloud OS; Robert Ames Comments
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In-Q-Tel, Amazon Founder Invest in Quantum Computing Firm; Robert Ames Comments
In-Q-Tel said D-Wave will use the funds for its commercial operations as part of a growth strategy that includes technological innovation and quantum computing applications development.
“Our intelligence community customers have many complex problems that tax classical computing architectures,” said Robert Ames, In-Q-Tel vice president of information and communication technologies. “We believe our customers can benefit from the promise of quantum computing, and this investment in D-Wave is a first step in that direction.”
“Jeff Bezos and In-Q-Tel are well-known visionaries,” said D-Wave CEO Vern Brownell. “Both understand the implications of quantum computing as a world changing force, and these investments affirm their belief in D-Wave’s unique approach to quantum computing.
D-Wave’s other investors include Business Development Bank of Canada; Draper Fisher Jurvetson; Goldman Sachs; Growthworks; Harris & Harris Group; International Investment and Underwriting; and Kensington Partners Ltd.
Recent coverage of In-Q-Tel’s partnerships on ExecutiveBiz:
In-Q-Tel, Tenable Network Security Form Info Security Tech Partnership; Peter Kuper, Ron Gula Comment
In-Q-Tel Invests in Open Source Big Data Firm; Robert Ames Comments
In-Q-Tel Partnership Aims to Give Intell Agencies Private Cloud OS; Robert Ames Comments
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