D-Wave Quantum Inc. (NYSE: QBTS), the only dual-platform quantum computing company providing both annealing and gate-model systems, 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.”
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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 only company to offer dual-platform quantum computing products and services, spanning both annealing and gate-model technologies. More than 100 organizations across commercial, government and research sectors trust D-Wave to address complex computational challenges using quantum computing. Learn more at https://www.dwavequantum.com.
This grant is significant because it not only provides D-Wave with funding to advance its dual-rail gate-model technology but also positions the company as a key player in a national effort to achieve fault-tolerant quantum computing. The ERASE project aims to tackle one of the biggest challenges in quantum computing: error correction. By developing erasure qubits and dynamic circuits, the project seeks to create a scalable architecture that can correct errors more efficiently, bringing practical quantum computing closer to reality. For D-Wave, this grant validates its technical approach and could accelerate the development of its gate-model systems, complementing its existing annealing platform.
The implications of this announcement extend beyond D-Wave. The NSF’s investment through the NQVL program signals a strategic focus on quantum computing as a critical technology for national security and economic competitiveness. By funding collaborative projects like ERASE, the NSF is fostering an ecosystem that bridges academic research and industry application. For investors, this grant underscores D-Wave’s potential to capture a share of the growing quantum computing market, which is projected to reach billions of dollars in the coming years.
Latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS.
