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: