D-Wave Quantum Awarded Up To C$300K In Funding From NRC Of Canada's Applied Quantum Computing Challenge Program To Advance Annealing Quantum Computing Software For Commercial Applications

Next-generation algorithms and open-source software will help organizations address larger, more complex optimization problems on D-Wave's Advantage2 quantum computers

D-Wave Quantum Inc. (NASDAQ:QBTS) ("D-Wave" or the "Company"), the only dual-platform quantum computing company providing both annealing and gate-model systems, software and services, today announced it has been awarded up to CAD $300,000 in funding from the National Research Council of Canada's (NRC) Applied Quantum Computing Challenge program to advance annealing quantum computing software for commercial applications.

In collaboration with the NRC, D-Wave’s team located at its Quantum Centre of Engineering Excellence in Burnaby, British Columbia, will develop next-generation software and algorithms to help organizations solve larger, more complex optimization problems on D-Wave’s Advantage2™ annealing quantum computers. The project will create new graph minor-embedding algorithms for D-Wave's Zephyr™ topology and integrate them into the Company’s open-source Ocean™ software development kit. These algorithms perform the foundational process of mapping optimization problems to D-Wave’s Advantage2 system’s topology and are expected to expand the scale and complexity of computations that D-Wave's Advantage2™ systems can address across use cases including logistics, manufacturing, scheduling, resource allocation, machine learning, and quantum and materials simulation.