D-Wave Finalizes Acquisition of Quantum Circuits

Insider Brief

• D-Wave has completed its acquisition of Quantum Circuits Inc., adding error-corrected, superconducting gate-model quantum computing capabilities to its portfolio.
• The acquisition positions D-Wave as a dual-platform quantum computing company, combining commercial annealing systems with gate-model hardware under a single roadmap.
• Quantum Circuits’ dual-rail qubit technology is expected to accelerate D-Wave’s path toward scalable, error-corrected gate-model quantum computers.

PRESS RELEASE — D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services, and the world’s first commercial supplier of quantum computers, today announced that it has completed its previously announced  acquisition of Quantum Circuits Inc. (“Quantum Circuits”), a leading developer of error-corrected superconducting gate-model quantum computing systems. D-Wave expects the acquisition to significantly accelerate the time to a scaled, error-corrected gate-model quantum computer alongside and complementary to its commercial annealing quantum computing systems.

The acquisition of Quantum Circuits solidifies D-Wave’s position as the world’s first and only dual-platform quantum computing company, building annealing and gate-model quantum computing systems to address the full range of customers’ complex computational problems. D-Wave’s Advantage2^TM annealing quantum systems are commercial today, with customer applications deployed in production.  They have also been used to demonstrate quantum supremacy by outperforming classical computing on an important, real-world materials simulation problem.

For D-Wave’s gate-model program, Quantum Circuits brings industry-leading dual-rail qubits that greatly simplify and advance error correction, which is key to delivering commercially-viable gate-model quantum computers. Quantum Circuits’ dual-rail qubits bring the speed of superconducting gate-model qubits along with the fidelity of ion trap and neutral atom qubits – reflecting a significant industry breakthrough that is currently unmatched by any other quantum computing vendor.

“The acquisition of Quantum Circuits marks a watershed moment that firmly establishes D-Wave as the world’s leading quantum computing company,” said Dr. Alan Baratz, CEO of D-Wave. “By uniquely delivering both best-in-class annealing and gate-model technologies, we are setting the pace for the entire industry. This dual-platform approach will significantly expand the addressable use cases for our customers, with the potential to deliver profound impact across businesses, the scientific community, and governments worldwide.”

“The combination of Quantum Circuits and D-Wave gives us a decisive advantage in gate-model quantum computing, by leveraging D-Wave’s experience with scaling and cryogenic control with our hardware-efficient approach to quantum error correction,” said Dr. Rob Schoelkopf, co-founder of Quantum Circuits and now chief scientist at D-Wave.

To learn more about D-Wave’s latest dual-platform product roadmap, join us at Qubits 2026, January 27 and 28, 2026, in Boca Raton, Florida. To register for Qubits 2026 visit: https://www.qubits.com.

Centerview Partners acted as exclusive financial advisor to D-Wave and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel to D-Wave in connection with the acquisition.