When was D-Wave founded?

D-Wave was founded in 1999 and raised its 1st funding round 9 years after it was founded.

Where is D-Wave located?

D-Wave is headquartered in Burnaby, Canada. It is registered at 3000- 1055 WEST GEORGIA STREET, VANCOUVER.

How many employees does D-Wave have?

As of May 31, 2026, the latest employee count at D-Wave is 432.

Is D-Wave a funded company?

D-Wave is a funded company, having raised a total of $256M across 14 funding rounds to date. The company's 1st funding round was a $***** Series C round, raised on 2008.

When was the latest funding round of D-Wave?

D-Wave's latest funding was a $***** Grant (prize money) round on Sep 09, 2026, with participation from 1 investor.

What is the annual revenue of D-Wave?

Annual revenue of D-Wave is between $10M and $50M as on Dec 31, 2025

Where does D-Wave rank among its competitors?

D-Wave ranks 1st amongst 4 active competitors, only 1 of which is funded. Qolab, which secured $54.2M in Jun, 2026.

Who are the top competitors of D-Wave?

D-Wave's top competitors include Rigetti Computing, Quantum Circuits and Qolab. Among them, D-Wave secured the most recent funding round in September, 2026.

D-Wave - 2026 Company Profile, Team, Funding, Competitors & Financials

D-Wave is a public company based in Burnaby (Canada), founded in 1999 by Geordie Rose, Haig Farris, Alexandre Zagoskin, Eric Ladizinsky and Bob Wiens. It operates as a Developer and delivery of quantum computing systems, software, and services. D-Wave has raised $256M in funding from investors like Goldman Sachs, DFJ and BDC. The company has 4 active competitors, including 1 funded and 3 that have exited. Its top competitors include companies like Rigetti Computing, Quantum Circuits and Qolab.

Company Details

Developer and delivery of quantum computing systems, software, and services. It offers quantum computers a dual-platform quantum computing products and services, spanning both annealing and gate-model quantum computing technologies. It help customers realize the value of quantum today through enterprise-grade systems available on-premises and via its Leap quantum cloud service.

Website: dwavesys.com
Social
Email ID: *****@dwavesys.com
Phone Number: +1 **********
Registered Address: 3000- 1055 WEST GEORGIA STREET, VANCOUVER

Key Metrics

Founded Year

1999

Location

Burnaby, Canada

Stage

Public

Total Funding

$256M in 14 rounds

Latest Funding Round

Grant (prize money), Sep 09, 2026, $*****

Investors

Goldman Sachs & 27 more

Ranked

1^st among 4 active competitors

Annual Revenue

$10M - $50M as on Dec 31, 2025

Employee Count

432 as on May 31, 2026

Investment & Acquisitions

Quantum Circuits

Similar Companies

Rigetti Computing & 3 more

Exit Details

Public

View D-Wave's full profile

D-Wave is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
D Wave Quantum Inc CIN: 001-41468 , Canada, Active	Mar 15, 2022	-	-	-
D-wave Systems Inc. CIN: 415200-0 , Canada, Active	Mar 18, 2003	-	-	-
D-WAVE QUANTUM INC. CIN: 1907982 , United States, Active		$10M - $50M (As on Dec 31, 2025)	-	-

D-Wave got listed on Aug 08, 2022.

Click here to take a look at D-Wave's IPO in detail

D-Wave has raised a total funding of $256M over 14 rounds. Its first funding round was on 2008. Its latest funding round was a Grant (prize money) round on Sep 09, 2026 for $*****. 1 investor participated in its latest round. D-Wave has 27 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of D-Wave:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 09, 2026	4091638	Grant (prize money)	8514242	8353642	1473767	9528481
Mar 11, 2021	5769208	Grant (prize money)	9254692	5983750	4744951	Canadian Space Agency
Dec 04, 2019	9318580	Series F	8143576	4741534	NEC	1875896

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View details of D-Wave's funding rounds and investors

The founders of D-Wave are Geordie Rose, Haig Farris, Alexandre Zagoskin, Eric Ladizinsky and Bob Wiens. Alan Baratz is the CEO of D-Wave.

Here are the details of D-Wave's key team members:

Geordie Rose: Former Co-Founder & CTO of D-Wave and founder of 2 other companies, Sanctuary AI and Kindred. They are also an angel investor in 2 startups.
Haig Farris: Co-Founder of D-Wave.
Alexandre Zagoskin: Former Co-Founder of D-Wave.
Eric Ladizinsky: Co-Founder of D-Wave.
Bob Wiens: Former Co-Founder of D-Wave.

View details of D-Wave's Founder profiles and Board Members

D-Wave's employee count trend

D-Wave has 432 employees as of May 26. Here is D-Wave's employee count trend over the years:

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Top competitors of D-Wave include Rigetti Computing, Quantum Circuits and Qolab. Here is the list of Top 10 competitors of D-Wave, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	D-Wave 1999, Burnaby (Canada), Public	Developer and delivery of quantum computing systems, software, and services	$256M	Western Technology Investment, Goldman Sachs ... & 26 others	73/100
2nd	Rigetti Computing 2013, Berkeley (United States), Public	Developer of an AI-powered full-stack quantum computing solution based on superconducting qubits	$198M	AME Cloud Ventures, Susa Ventures & 50 others	65/100
3rd	Quantum Circuits 2015, New Haven (United States), Acquired	Develops quantum computers using superconducting quantum circuits	$105M	Sequoia Capital, Hither Creek & 9 others	61/100
4th	Qolab 2022, Los Angeles (United States), Series B	Offering superconducting qubits for various applications	$76.7M	Octave Ventures, University of California Office of the President ... & 5 others	57/100
5th	Diraq 2022, Sydney (Australia), Deadpooled	Developer of silicon-based quantum computing technology	-	-	15/100