Swiss Quantum Technology SA Commits €10M to Deploy D-Wave Advantage2 Quantum Computer in Europe

Swiss Quantum Technology SA has entered into a €10 million multi-year agreement with D-Wave Quantum Inc. to deploy a D-Wave Advantage2 annealing quantum computer in Europe, marking a significant advancement in the continent's quantum computing infrastructure. The agreement includes an option for SQT to purchase the system outright, representing one of the largest commercial quantum computing deployments in Europe to date.

The placement of the SQT-funded Advantage2 system directly supports Italy's newly formed Q-Alliance, an initiative focused on establishing Italy's quantum leadership position within the global technology landscape. This strategic deployment positions Italy at the forefront of quantum computing adoption in Europe, potentially accelerating research and development across multiple industries including finance, logistics, and materials science.

The Advantage2 system, featuring D-Wave's most advanced quantum processor with over 4,400 qubits, is designed to solve complex computational problems that remain beyond the reach of classical computers. Customers across Europe will be able to access this powerful and energy-efficient quantum computer through D-Wave's Leap real-time quantum cloud service, facilitating quantum and hybrid quantum applications for production deployment.

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 their fleet of annealing quantum computers. As Europe extends its quantum leadership, D-Wave's production-grade annealing quantum computing technology is expected to serve as a critical component, fueling quantum application development and adoption in the immediate future.

The deployment comes at a crucial time when European nations are increasing their investments in quantum technologies to maintain competitiveness in the global technology race. The accessibility of this advanced quantum computing resource through cloud services means that researchers, startups, and established enterprises across Europe can leverage quantum capabilities without the substantial capital investment typically required for such infrastructure.

This agreement follows D-Wave's established track record as the world's first commercial supplier of quantum computers and the only company building both annealing and gate-model quantum computers. With over 200 million problems submitted to their quantum systems to date, D-Wave's technology has been trusted by more than 100 organizations to address computational challenges spanning optimization, artificial intelligence, and research applications. Additional information about D-Wave's quantum computing solutions is available at https://www.dwavequantum.com.

The European quantum computing market stands to benefit significantly from this deployment, as it provides local access to state-of-the-art quantum resources that can accelerate innovation across multiple sectors. The timing aligns with increased European Union funding for quantum technologies and growing recognition of quantum computing's potential to transform industries ranging from pharmaceuticals to financial services.