Back to Table of contents

Primeur weekly 2015-02-02

The Cloud

Shinra Technologies partners with NTT and Techorus and announces launch date of Japanese technical beta ...

UTSA and Indiana University partner on $6.6 million NSF Cloud-based advanced computing systems grant ...

Independent research firm ranks HP private Cloud a leader in China ...

Desktop Grids

Grant for Nerdalize for heating houses with computing power ...

EuroFlash

Business Secretary Cable announces partners in the Alan Turing Institute in the UK ...

Schools in Wales challenged to break the world land speed record of 1,000mph ...

PUZZLECLUSTER: The first reuse application of the PUZZLEPHONE ...

Chemists control structure to unlock magnetization and polarization simultaneously ...

MEP Awards 2015 - Shortlisted nominees for ICT announced ...

DIADEMS - finding the sensor behind the sparkle ...

Entanglement on a chip: Breakthrough promises secure communications and faster computers ...

USFlash

NERSC seeks industry partners for collaborative research ...

Exascale Hearing Testimony in Congress highlights CS research accomplishments ...

D-Wave Systems raises an additional $29 million, closing 2014 financing at $62 million ...

MAGMA MIC 1.3.1 for Intel Xeon Phi coprocessors released ...

Dot Hill announces general availability of the Ultra56 AssuredSAN Hybrid storage array ...

New climate change projections for Australia ...

SGI reports financial results for the second quarter of fiscal 2015 ...

Researchers identify materials to improve biofuel and petroleum processing ...

Supercomputing the evolution of a model flower ...

Obsidian unveils plans for 400G-capable enhanced InfiniBand services platform at EmTech Singapore 2015 ...

New supercomputer allows for massive data analysis in less time ...

IBM Research to lead company's advanced computer chip R&D at SUNY Polytechnic Institute ...

Building trustworthy Big Data algorithms ...

Parallelizing common algorithms ...

New pathway to valleytronics ...

Nanoscale mirrored cavities amplify, connect quantum memories ...

D-Wave Systems raises an additional $29 million, closing 2014 financing at $62 million


29 Jan 2015 Burnaby - D-Wave Systems Inc., a quantum computing company, has closed $29 million in funding from a large institutional investor, among others. This funding will be used to accelerate development of D-Wave's quantum hardware and software and expand the software application ecosystem. This investment brings total funding in D-Wave to $174 million (CAD), with approximately $62 million raised in 2014.

"The investment is a testament to the progress D-Wave continues to make as the leader in quantum computing systems", stated Vern Brownell, CEO of D-Wave. "The funding we received in 2014 will advance our quantum hardware and software development, as well as our work on leading edge applications of our systems. By making quantum computing available to more organisations, we're driving our goal of finding solutions to the most complex optimization and machine learning applications in national defense, computing, research and finance."

The funding follows a year of strong growth and advancement for D-Wave. Highlights include:

  • Significant progress made towards the release of the next D-Wave quantum system featuring a 1000 qubit processor, which is currently undergoing testing in D-Wave's labs.
  • The company's patent portfolio grew to over 150 issued patents worldwide, with 11 new U.S. patents being granted in 2014, covering aspects of D-Wave's processor technology, systems and techniques for solving computational problems using D-Wave's technology.
  • D-Wave Professional Services launched, providing quantum computing experts to collaborate directly with customers, and deliver training classes on the usage and programming of the D-Wave system to a number of national laboratories, businesses and universities.
  • Partnerships were established with DNA-SEQ and 1QBit, companies that are developing quantum software applications in the spheres of medicine and finance, respectively.
  • Research throughout the year continued to validate D-Wave's work, including a study showing further evidence of quantum entanglement by D-Wave and USC scientists, published inPhysical Review Xthis past May.

Since 2011, some of the most prestigious organisations in the world, including Lockheed Martin, NASA, Google, USC and the Universities Space Research Association (USRA), have partnered with D-Wave to use their quantum computing systems. In 2015, these partners will continue to work with the D-Wave computer, conducting pioneering research in machine learning, optimization, and space exploration.

D-Wave, which already employs over 120 people, plans to expand hiring with the additional funding. Key areas of growth include research, processor and systems development and software engineering.
Source: D-Wave

Back to Table of contents

Primeur weekly 2015-02-02

The Cloud

Shinra Technologies partners with NTT and Techorus and announces launch date of Japanese technical beta ...

UTSA and Indiana University partner on $6.6 million NSF Cloud-based advanced computing systems grant ...

Independent research firm ranks HP private Cloud a leader in China ...

Desktop Grids

Grant for Nerdalize for heating houses with computing power ...

EuroFlash

Business Secretary Cable announces partners in the Alan Turing Institute in the UK ...

Schools in Wales challenged to break the world land speed record of 1,000mph ...

PUZZLECLUSTER: The first reuse application of the PUZZLEPHONE ...

Chemists control structure to unlock magnetization and polarization simultaneously ...

MEP Awards 2015 - Shortlisted nominees for ICT announced ...

DIADEMS - finding the sensor behind the sparkle ...

Entanglement on a chip: Breakthrough promises secure communications and faster computers ...

USFlash

NERSC seeks industry partners for collaborative research ...

Exascale Hearing Testimony in Congress highlights CS research accomplishments ...

D-Wave Systems raises an additional $29 million, closing 2014 financing at $62 million ...

MAGMA MIC 1.3.1 for Intel Xeon Phi coprocessors released ...

Dot Hill announces general availability of the Ultra56 AssuredSAN Hybrid storage array ...

New climate change projections for Australia ...

SGI reports financial results for the second quarter of fiscal 2015 ...

Researchers identify materials to improve biofuel and petroleum processing ...

Supercomputing the evolution of a model flower ...

Obsidian unveils plans for 400G-capable enhanced InfiniBand services platform at EmTech Singapore 2015 ...

New supercomputer allows for massive data analysis in less time ...

IBM Research to lead company's advanced computer chip R&D at SUNY Polytechnic Institute ...

Building trustworthy Big Data algorithms ...

Parallelizing common algorithms ...

New pathway to valleytronics ...

Nanoscale mirrored cavities amplify, connect quantum memories ...