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

D-Wave Quantum announced a $10 million, two-year enterprise Quantum Computing as a Service 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.”

Source: D-Wave Quantum media announcement