D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services, and the world's first commercial supplier of quantum computers, has entered into a definitive merger agreement to acquire Quantum Circuits Inc., a developer of error-corrected superconducting gate-model quantum computing systems. The total purchase price is $550 million, consisting of $300 million in D-Wave common stock and $250 million in cash.
The acquisition brings together D-Wave's scalable control of superconducting processors and its production-grade quantum cloud platform with Quantum Circuits' dual-rail technology that incorporates built-in error detection. This technology yields higher quality qubits and reduces the physical resources needed for logical qubits. Combining these capabilities is expected to accelerate a commercial gate-model product roadmap, with the first deliverable—an initial dual-rail system—planned for general availability in 2026.
D-Wave aims to become the world's first dual-platform quantum computing company, offering both annealing and gate-model systems. This positions D-Wave to address a broader set of computational problems for its customers. The transaction is subject to customary closing conditions and regulatory approvals.
For more details, see the full press release at https://ibn.fm/05ZhB.
Forward-looking statements in the press release, including those regarding the acquisition's completion and the combined company's development plans, are subject to risks detailed in D-Wave's SEC filings.
