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 announced a definitive agreement to acquire Quantum Circuits Inc., a developer of error-corrected superconducting gate-model quantum computing systems. The transaction, valued at $550 million, consists of $300 million in D-Wave common stock and $250 million in cash. This merger is expected to create the world’s first dual-platform quantum computing company, offering both annealing and gate-model systems.
The acquisition aims to combine D-Wave’s expertise in scalable control of superconducting processors and its production-grade quantum cloud platform with Quantum Circuits’ dual-rail technology, which features built-in error detection. This technology results in higher quality qubits and reduces the physical resources needed for building logical qubits. The integration is projected to accelerate the timeline for delivering a scaled, error-corrected gate-model quantum computer. D-Wave believes this will enable it to be the first to market with fully error-corrected, scaled gate-model quantum computing, significantly expanding the use cases addressable by commercial quantum computers.
As part of the accelerated roadmap, D-Wave plans to make an initial dual-rail system generally available in 2026. This system will leverage Quantum Circuits’ error-detection capabilities to provide higher fidelity qubits, a critical step toward fault-tolerant quantum computing. The combined company will target a broad range of computational problems, from optimization to artificial intelligence and research.
The transaction secures D-Wave’s position as a leader in both annealing and gate-model quantum computing. More than 100 organizations currently use D-Wave’s systems, with over 200 million problems submitted to its quantum systems to date. Quantum Circuits, founded by Yale Professor Rob Schoelkopf and other quantum physicists, brings innovative architecture that integrates high-fidelity qubits with intrinsic error detection and handling. The merger is subject to customary closing conditions and regulatory approvals.
For more details, visit the full press release at https://ibn.fm/05ZhB.
