D-Wave Quantum Inc. (NYSE: QBTS), the only dual-platform quantum computing company providing both annealing and gate-model systems, software and services, 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.” To view the full press release, visit https://ibn.fm/5um9O.
This grant is significant because it demonstrates the NSF’s commitment to advancing quantum computing through public-private partnerships. The ERASE project specifically targets the development of fault-tolerant quantum computing, which is essential for building quantum computers that can reliably solve real-world problems beyond the capabilities of classical computers. By providing access to its dual-rail gate-model quantum computing resources, D-Wave is positioned to contribute to the fundamental research needed to overcome key technical challenges, such as error correction and scalability.
The implications of this announcement extend beyond D-Wave. The project aims to strengthen U.S. leadership in quantum computing, an area of strategic importance for national security and economic competitiveness. The workforce development aspect is also critical, as the project will help train the next generation of quantum scientists and engineers. For investors, the grant validates D-Wave's technology approach and could enhance the company's credibility in the quantum computing market.
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. 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.
