D-Wave has recently received $17m in C-round funding from International Investment and Underwriting (IIU) of Dublin, with the active support of its earlier investors. The company says that it will use the funds for product development, operations, and business development. This investment is clearly a long-term one: the investors are investing in the intellectual property for future development rather than a system close to being ready to go to market. One must praise them for taking such a pragmatic view. After all, the technical issues surrounding quantum computing (QC) are manifold and are not about to be resolved in the short term, so the investors are backing what has to be seen as a high risk venture. That being said the partner list shown at Supercomputing’07 looked impressive.
D-Wave and Quantum Computation
February 25, 2008