D-Wave Prepares to Raise $340 Million Through SPAC, Approx $1.6 Billion Valuation What is D-Wave? From its inception, D-Wave has focused on delivering products and services that provide the fastest path to practical, real-world, value-creating applications for our customers. We only care that some client ideally a whole slew of clients are willing to pay meaningful money for whatever technological innovation gets developed. Their latest funding was raised on Aug 23, 2022 from a Grant round. Our customers are building quantum applications for problems as diverse as logistics, portfolio optimization, drug discovery, materials sciences, scheduling, fault detection, traffic congestion, and supply chain management. In the past three months, D-Wave Quantum insiders have not sold or bought any company stock. D-Wave Successfully Completes SOC 2 Audit. Explore D-Wave applications, events, and resources. Welcome to OurGlobal Community of Tech Investors. D-Wave Quantum Inc. (NYSE:QBTS) released its earnings results on Friday, April, 14th. Quantum computing company D-Wave to go public via $1.6 bln - Reuters Since our original article, Harris and Harris Group (NASDAQ:TINY) wrote up their investment in D-Wave by $4.1 million giving their 5.1 million share position a current value of $11.5 million. Also note that of these three names, only IONQ has managed to complete their SPAC so far. Founded in 1999, D-Wave provides real-time, full-stack quantum systems that power hardware engineering, post-processing software and chip fabrication. Cookie Notice (). Disclaimer: writers for The Quantum Daily may hold securities discussed in content published on the website. They find use in sectors ranging from logistics and artificial intelligence to financial modelling and cybersecurity. We have focussed on the latter for brevity. The company reported ($0.12) EPS for the quarter. DPCM Capital is a special purpose acquisition company (SPAC), and its merger deal values D-Wave Systems at approximately US$ 1.2 billion. 2023-03-24. 14.60% of the stock of D-Wave Quantum is held by insiders. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Its a (multi) billion-dollar question. Software-as-aservice (SaaS) is an entire business model that arose around companies that build disruptive software platforms. D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services, and the only commercial provider building both annealing and gate-model quantum computers, today announced the successful completion of its SOC 2 Type 1 audit as of March 13, 2023, as it looks to rapidly accelerate the commercial adoption of its quantum computing solutions. Feb 8 (Reuters) - Quantum computing firm D-Wave Systems Inc said on Tuesday it had agreed to go public by merging with blank-check company DPCM Capital (XPOA.N) in a deal that values the.

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