News Summary

Canadian-founded quantum computing company D-Wave has successfully completed a $400-million USD ‘at-the-market’ equity offering, bringing its total sales in common shares to $725 million USD since December 2024. The funds will be used for acquisitions, working capital, and capital expenditures to maintain its lead in the quantum computing sector. D-Wave, which claims to be the only firm with commercial quantum computing applications in production, saw a significant increase in revenue in Q1 2025, although it still recorded a net loss. Founded in 1999, D-Wave continues to make strides in quantum computing, recently achieving ‘quantum supremacy’ and unveiling its Advantage2 quantum computer.