D-Wave Systems secures C$30 million in funding to accelerate Quantum Computing Software Development

Date Closed: 7/11/2014

Value: C$30 million

On July 11, 2014, D-Wave Systems Inc., the world's first commercial quantum computing company, announced that it had closed C$30 million in funding from both new and existing investors. The funding will be used to advance and scale D-Wave’s quantum computing technology, accelerate software development and build a software application ecosystem. With this C$30 million investment, D-Wave has now raised a total of $160 million.

BLG represented one of the investors with a team led by Alfred Page that included James Szumski, Jason Howg and Todd Keeler.