D-Wave Announces $10 Million, Two-Year Enterprise QCaaS Agreement with Fortune 100 Company

Key Terms

quantum computing as a service technical

A cloud-style service that lets businesses and researchers rent access to quantum computers, software tools, and expertise without buying the costly machines themselves; think of it as leasing a powerful, specialized supertool through the internet. Investors care because it turns experimental technology into a commercial product, creating recurring revenue opportunities and exposing companies to potential breakthroughs in computing speed for specific problems, while also carrying high development costs and uncertain timelines.

annealing technical

Annealing is a controlled process that changes the internal structure of a material or molecular system to improve performance: in manufacturing it typically means heating and then slowly cooling metals, glass or semiconductor layers to relieve stress and make them stronger or more reliable, while in molecular biology it means bringing complementary strands of DNA or RNA together so they stick in the right places. Investors should care because annealing affects product quality, manufacturing yield, device reliability and the accuracy of biological tests—factors that influence costs, revenue and regulatory outcomes much like reshaping or neatly fastening parts improves a finished product.

gate-model technical

A gate-model is a stepwise project-management process that breaks a development program into defined stages separated by decision points, or “gates,” where progress, evidence and resources are reviewed before allowing the project to continue. For investors, each gate acts like a checkpoint on a road trip—cleared gates reduce technical and regulatory risk and justify further funding, while failed or delayed gates signal higher chance of cost overruns, timeline slips or project termination.

PALO ALTO, Calif.--(BUSINESS WIRE)-- D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), the only dual-platform quantum computing company, providing annealing and gate-model systems, software, and services, today announced a $10 million, two-year enterprise Quantum Computing as a Service (QCaaS) agreement with a leading Fortune 100 company. Under the agreement, the companies plan to collaborate to develop and deploy several quantum-powered applications.

“This agreement marks a significant milestone in D-Wave’s annealing quantum computing enterprise adoption and impact,” said Dr. Alan Baratz, CEO of D-Wave. “No other company in the world has production-grade quantum technology in the market today, and this agreement is inarguably one of the most significant endorsements of how our solutions stand to benefit the world’s leading companies.”

To learn more about how D-Wave’s quantum technology is helping customers tackle highly complex computational problems, join us at Qubits 2026, January 27 and 28, 2026, in Boca Raton, Florida. To register for Qubits 2026 visit: https://www.qubits.com.

About D-Wave Quantum Inc.

D-Wave is a leader in the development and delivery of quantum computing systems, software, and services. It is the world’s first commercial supplier of quantum computers, and the first and only to offer dual-platform quantum computing products and services, spanning both annealing and gate-model quantum computing technologies. D-Wave’s mission is to help customers realize the value of quantum today through enterprise-grade systems available on-premises and via its Leap™ quantum cloud service, which offers 99.9% availability and uptime. More than 100 organizations across commercial, government and research sectors trust D-Wave to address complex computational challenges using quantum computing. Learn more about realizing the value of quantum computing today and how we’re shaping the quantum-driven industrial and societal advancements of tomorrow: www.dwavequantum.com.

Forward-Looking Statements

Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the risks set forth under the heading “Risk Factors” discussed under the caption “Item 1A. Risk Factors” in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.

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Media Contact:

D-Wave Quantum Inc.

Alex Daigle

media@dwavesys.com

Source: D-Wave Quantum Inc.