D-Wave Quantum Inc. (NASDAQ: QBTS), the only dual-platform quantum computing company offering both annealing and gate-model systems, software, and services, announced on September 14, 2026, that it has executed a definitive agreement with the U.S. Department of Commerce. The agreement, based on a previously announced Letter of Intent, grants D-Wave access to up to $100 million in funding through the U.S. CHIPS and Science Act. This funding is intended to accelerate U.S. leadership in quantum computing and support the expansion of domestic quantum capabilities.
Dr. Alan Baratz, CEO of D-Wave, expressed gratitude for the award and highlighted the government's recognition that U.S. quantum leadership requires not only breakthrough research but also the ability to scale, commercialize, and manufacture these technologies. "This award will help fulfill that mission by expanding domestic quantum capabilities, strengthening the underlying supply chain and bringing increasingly powerful quantum systems to market," Baratz said. The funding is expected to bolster D-Wave's efforts to advance its quantum computing systems and services, which are already used by more than 100 organizations across commercial, government, and research sectors.
D-Wave is a pioneer in the quantum computing industry, being the world's first commercial supplier of quantum computers and the first to offer dual-platform products. Its systems are available on-premises and via its Leap™ quantum cloud service, which boasts 99.9% availability and uptime. The company's mission is to help customers realize the value of quantum computing today, addressing complex computational challenges that are beyond the reach of classical computers. For more information about D-Wave and its quantum computing solutions, visit https://www.dwavequantum.com.
The implications of this agreement are significant for the quantum computing industry and the broader U.S. technology landscape. By injecting substantial federal funding into a leading quantum company, the U.S. government aims to maintain its competitive edge in a field that is increasingly seen as critical to national security and economic prosperity. Quantum computing has the potential to revolutionize industries such as pharmaceuticals, finance, logistics, and materials science by solving problems that are currently intractable. As other nations, notably China, ramp up their quantum investments, the U.S. seeks to ensure that domestic companies like D-Wave can scale and commercialize their technologies effectively. This award is part of the CHIPS and Science Act's broader effort to strengthen U.S. semiconductor and advanced computing industries, reducing reliance on foreign supply chains and fostering innovation at home.
For D-Wave, the funding provides additional resources to accelerate its research and development, expand its manufacturing capabilities, and bring more powerful quantum systems to market. The company's dual-platform approach, which includes both annealing and gate-model quantum computers, positions it uniquely to address a wide range of computational problems. The funding may also help D-Wave attract further investment and partnerships, as it demonstrates government confidence in its technology and business model. For the industry, this move signals that the U.S. government is committed to supporting quantum computing as a strategic priority, which could lead to increased funding opportunities for other quantum companies and research institutions. It may also spur further collaboration between the public and private sectors, driving innovation and job creation in the quantum field.
However, as with any forward-looking endeavor, there are risks and uncertainties. D-Wave's press release includes standard forward-looking statements noting that actual results may differ materially due to various factors, including risks discussed in the company's SEC filings. These risks include technological challenges, market adoption rates, and competitive pressures. Investors and stakeholders should consider these factors when evaluating the impact of this funding. The full press release can be accessed at https://ibn.fm/XPNic, and the latest news and updates relating to QBTS are available at https://ibn.fm/QBTS. Additionally, terms of use and disclaimers for content provided by InvestorBrandNetwork can be found at https://IBN.ai/Disclaimer.
Overall, this agreement underscores the growing importance of quantum computing in the global technology race and highlights the U.S. government's proactive stance in supporting domestic innovation. As quantum technologies continue to mature, the impact of this funding could extend beyond D-Wave to the entire quantum ecosystem, potentially accelerating the timeline for practical quantum advantage and cementing U.S. leadership in the field.
