D-Wave Announces €10M Quantum Computing Agreement with Swiss Quantum Technology for European Deployment

D-Wave Quantum Inc. has announced a significant agreement with Swiss Quantum Technology SA to deploy a D-Wave Advantage2 annealing quantum computer in Europe. The multi-year quantum computing as a service commitment represents a €10 million investment from SQT, with an option for the company to purchase the system outright. This deployment supports Italy's newly formed Q-Alliance initiative, which focuses on establishing the country's leadership in quantum technology development and application.

The Advantage2 system funded by SQT features D-Wave's most advanced quantum processor to date, boasting over 4,400 qubits and designed as a powerful, energy-efficient quantum computer capable of solving complex computational problems beyond the reach of classical computers. Customers will be able to access this advanced quantum computing resource through D-Wave's Leap real-time quantum cloud service, facilitating quantum and hybrid quantum applications for production deployment across various industries and research institutions.

Dr. Alan Baratz, CEO of D-Wave, emphasized the significance of this agreement, stating that it represents an important milestone in the company's ongoing effort to expand global access to its fleet of annealing quantum computers. He noted that as Europe extends its quantum leadership, D-Wave's production-grade annealing quantum computing technology will serve as a critical component in fueling quantum application development and adoption. The deployment aligns with broader European initiatives to advance quantum computing capabilities and maintain competitiveness in this emerging technological field.

The agreement underscores the growing commercial adoption of quantum computing technology and represents a substantial commitment to advancing Europe's quantum computing infrastructure. By making this advanced quantum system accessible through cloud services, the partnership enables researchers, developers, and organizations across Europe to leverage quantum computing power without requiring substantial capital investment in hardware infrastructure. This approach supports broader accessibility and accelerates the development of practical quantum applications across multiple sectors including optimization, artificial intelligence, and scientific research.

For more information about D-Wave's quantum computing systems and services, visit https://www.dwavequantum.com. Additional details about the press release can be found at https://ibn.fm/h9GAC, while comprehensive terms of use and disclaimers are available at http://IBN.fm/Disclaimer.