Mentioned:
QBTS -13.71% IBM -5.60%
D-Wave Quantum is on the leading edge of the quantum computing revolution. And now, they have hundreds of millions of dollars in new capital to take things to the next level.
What’s happening:
- D-Wave Quantum (NYSE: QBTS) has successfully completed a $400M USD at-the-market equity financing round
By the numbers:
- D-Wave Quantum now has a total cash position of approximately $815M USD
Why it matters:
- D-Wave Quantum has rapidly become one of the most advanced publicly traded quantum computing companies in the world, which has been fuelled by record breaking revenue and the launch of their Advantage2 quantum computer to the general public
Going deeper:
- D-Wave Quantum has publicly stated they plan to use the new capital to scale up their existing quantum computing hardware and software operations as well as explore new strategic investments and acquisitions
- Quantum computing continues to make waves on Wall Street, with IBM (NYSE: IBM) just recently deploying their IBM Quantum System Two quantum computer outside of the United States for the first time ever
