D-Wave Quantum Inc. (NYSE: QBTS), a provider of both annealing and gate-model quantum computing systems, announced it has been selected to receive a $1,566,250 grant from the U.S. National Science Foundation (NSF) through the National Quantum Virtual Laboratory (NQVL) program. The funding will support D-Wave's role in the ERASE (Erasure Qubits and Dynamic Circuits for Quantum Advantage) project, which aims to develop foundational technologies for fault-tolerant quantum computing.
The ERASE project, led by Yale University, 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 provide ERASE researchers access to its superconducting dual-rail gate-model quantum computing resources. This award moves ERASE into the second phase of the NQVL program and underscores continued NSF support for scalable, fault-tolerant quantum computing approaches.
Dr. Alan Baratz, CEO of D-Wave, stated, "NSF’s continued support for the ERASE project highlights the national importance of accelerating progress toward scalable, fault-tolerant quantum computing. 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."
This grant is a significant step in advancing quantum computing capabilities in the United States, supporting the development of technologies that could revolutionize industries ranging from cryptography to drug discovery. The ERASE project focuses on erasure qubits and dynamic circuits, which are critical for achieving quantum advantage—the point at which quantum computers can solve problems intractable for classical computers.
D-Wave is recognized as the world's first commercial supplier of quantum computers and the only company offering both annealing and gate-model quantum computing technologies. Its Leap quantum cloud service provides 99.9% availability and uptime, serving over 100 organizations across commercial, government, and research sectors. The company's mission is to help customers realize the value of quantum computing today.
For more information, visit the full press release at https://ibn.fm/5um9O. Further updates on D-Wave are available in the company's newsroom at https://ibn.fm/QBTS.
