D-Wave confirms $30 mln raise from BDC, DFJ, Harris & Harris, other VCs
D-Wave Systems Inc has secured $30 million in additional funding from new and existing Canadian and U.S. investors, including BDC Capital, Draper Fisher Jurvetson, Goldman Sachs and Harris & Harris Group. The announcement confirms an earlier report about a filing with the U.S. Securities and Exchange Commission that said D-Wave had raised US$28.4 million. Founded in 1999, the Burnaby, British Columbia-based company said the new funds will be used to advance and scale its quantum computing technology, accelerate software development and build a software application ecosystem. D-Wave to date has raised $160 million in venture capital and government grants.
14 July 2014•5 mins read
