D-Wave Announces a 120% Increase in Bookings for 2024, the Sale of Its First D-Wave Advantage Processor, and an Agreement to Sell Additional Common Shares for Up to $150 Million

D-Wave Quantum Inc. announced that its fiscal year 2024 bookings will exceed $23 million, a 120% increase over 2023. Key contributors include the first-ever customer purchase of a D-Wave Advantage™ annealing quantum computing system in Q4, signaling an expansion in the company’s revenue model to include on-premise system sales. This system, featuring over 5,000 qubits, […]

The post D-Wave Announces a 120% Increase in Bookings for 2024, the Sale of Its First D-Wave Advantage Processor, and an Agreement to Sell Additional Common Shares for Up to $150 Million appeared first on Quantum Computing Report.