D-Wave Quantum Inc. (NYSE: QBTS), the only dual-platform quantum computing company providing both annealing and gate-model systems, software and services, announced it has been selected to receive a $1,566,250 grant from the U.S. National Science Foundation (NSF) through the agency’s National Quantum Virtual Laboratory (NQVL) program. The funding will support D-Wave’s role as a key industry partner in ERASE (Erasure Qubits and Dynamic Circuits for Quantum Advantage) – a project focused on developing foundational technologies for fault-tolerant quantum computing and strengthening U.S. leadership in quantum innovation.
Led by Yale University, the ERASE project brings together researchers from leading academic institutions and industry organizations to advance dual-rail gate-model quantum computing hardware, software, error correction, and applications. D-Wave, through its New-Haven, Connecticut-based subsidiary Quantum Circuits, LLC, will give ERASE researchers access to its superconducting dual-rail gate-model quantum computing resources. The award moves ERASE into the second phase of the NQVL program and underscores the NSF’s continued support for the project’s approach to scalable, fault-tolerant quantum computing.
“NSF’s continued support for the ERASE project highlights the national importance of accelerating progress toward scalable, fault-tolerant quantum computing,” said Dr. Alan Baratz, CEO of D-Wave. “We believe that D-Wave’s dual-rail technology can play a meaningful role in that effort, while building the technical foundation and skilled workforce needed to sustain U.S. leadership in quantum computing.”
The grant provides significant funding to advance quantum computing, a field with profound implications for industries ranging from cryptography to drug discovery. D-Wave’s involvement as the only commercial supplier of both annealing and gate-model quantum computers positions the company at the forefront of this effort. The ERASE project specifically targets dual-rail gate-model technology, which is seen as a promising path toward error correction and fault-tolerant quantum systems.
This award is part of a broader NSF initiative to establish a National Quantum Virtual Laboratory, designed to accelerate quantum research and development. By funding projects like ERASE, the NSF aims to maintain U.S. competitiveness in quantum technology, which is critical for national security and economic growth. D-Wave’s dual-platform approach, offering both annealing and gate-model systems, provides a unique advantage in exploring different quantum computing paradigms.
The implications of this grant extend beyond D-Wave. Successful development of fault-tolerant quantum computing could revolutionize how complex problems are solved, potentially leading to breakthroughs in materials science, artificial intelligence, and climate modeling. For readers, this news signals continued government investment in quantum technology, which may accelerate the timeline for practical quantum applications.
More than 100 organizations across commercial, government and research sectors trust D-Wave to address complex computational challenges using quantum computing. The company’s Leap quantum cloud service offers 99.9% availability and uptime, making quantum resources accessible to a wide range of users. For more information, visit https://www.dwavequantum.com.
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Forward-looking statements in this press release are subject to risks and uncertainties, including those discussed under the caption “Item 1A. Risk Factors” in D-Wave’s most recent Annual Report on Form 10-K and other filings with the SEC. The company undertakes no duty to update this information unless required by law.
